Apple to launch their own wallet app?

Apple to launch their own wallet app?
Apple hasn't been hasty about jumping on the mobile payments bandwagon. However, with Google Wallet's steady growth and the recent introduction of Amazon's Firefly app on the Fire Phone, Cupertinians have reportedly decided it is time to focus on a wallet app for iOS.

Sources say that Apple has been in discussions with various companies from the payment industry, supposedly making arrangements so that the iOS wallet could hit the ground running. It is rumored that Cupertino will take things a step further by adding a specific piece of hardware to its new products, which will act as a secure storage for the user's sensitive data. Mobile providers will have nothing to do with this particular part of the phone, which may allow Apple to avoid some speedbumps, such as the offbeat problems Google Wallet seemed to have with Verizon.

How the payment communication will be done is yet unclear. Speculations vary between Wi-Fi, Bluetooth, or NFC. With the iPhone 6 reportedly about to be announced mid-September, we guess we'll find out some more details soon enough.

source: The Information via The Verge

FEATURED VIDEO

10 Comments

1. NexusPhan

Posts: 632; Member since: Jul 11, 2013

It HAS to be NFC. It's pretty established in the marketplace (at card terminals, in phones, in credit cards, in public transit) all over the world. Bluetooth and Wifi would be far too long of a range and would cause some serious concerns. NFC has proven security already.

2. Finalflash

Posts: 4062; Member since: Jul 23, 2013

But they don't have NFC and have actively made fun of it when they added airdrop or whatever. They also don't seem to be planning any NFC based on 0 leaks on that front.

4. NexusPhan

Posts: 632; Member since: Jul 11, 2013

Airdrop should make fun of NFC because transferring photos over NFC is a pain when compared to airdrop. NFC as a secure payment system makes perfect sense. I see Apple adopting NFC for payment purposes only (unlike Android where it has multiple functions).

8. AlikMalix unregistered

Then why is the world hoping that Apple to includes NFC in their hardware? There's just no traction unless iOS has it, is there?

3. karkavelas

Posts: 70; Member since: Oct 25, 2013

And then they will call it innovation because it is Apple..

5. Napalm_3nema

Posts: 2236; Member since: Jun 14, 2013

Have you actually used Passbook? If they just added credit cards to it, it would still be better than Google Wallet or any of the other competitors. Current NFC payment apps are no better than a credit card.

6. NexusPhan

Posts: 632; Member since: Jul 11, 2013

Having used both, Google wallet is far better.

7. cncrim

Posts: 1558; Member since: Aug 15, 2011

Napal is iphone lover and she probably never touch android, for that reason she can tell the convience of NFC.

9. AlikMalix unregistered

Dude, do you know what innovation is? Stick an off the shelf chip into your phone and put a check mark in the spec list -- is NOT innovation. If Apple ever use NFC technology, it will be after Apple establishes common infrastructure between merchants, vendors, security, and software. It will create the need for it, make it effortless to set up and use (even for your grandma) and make sure everyone with an iPhone can take advantage (regardless of model), and be able to use in more places then McDonald's and Walgreens. That's how Apple does innovation. Look at "CarPlay" we had barely heard of this feature and it's already in cars you can buy today, and is added to new cars on a weekly basis...

10. tokuzumi

Posts: 1800; Member since: Aug 27, 2009

I'm sure this will require a new machine to be installed at retail locations. Soon, you will see a credit card machine, a Google Wallet machine, and now an Apple machine. It will take a year or two for something to come out that supports all payment methods. Higher prices for everybody! Yaaayyyyyyy!

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.