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iPhone 6 mobile payments likely as Apple inks deal with American Express: Reports

Posted on 1 September 2014

Apple and American Express have reportedly inked a deal to implement and facilitate mobile payments through iPhone 6 using a new digital wallet payments system instead of using credit cards, a new report claims.

According to ReCode, Apple has inked a deal with American Express and the deal is one of the several inked by Apple to bolster its mobile payments system. Earlier there were reports that Apple has inked a deal with MasterCard and Visa as well for its new payment system.

iPhone 6 will incorporate Near Field Communication (NFC) chip alongside the iPhone 5S debutant fingerprint scanner and will simplify mobile based payments and purchase, the report claims.

Apple hasn’t been too vocal, as always, about iPhone 6 or any other product and sent out media invites just last week for an event to be held on September 9.

Rumours indicate the possibility of two variants of iPhone 6 based on screen sizes – a 4.7-inch display one and another with a bigger 5.5-inch display. One of the primary motivations for Apple to release bigger screened iPhone is the availability and demand for larger screened Android smartphones.

There were rumours that Apple will be releasing a 128GB version of iPhone 6 and will discontinue the 32GB version to bolster sales of its 64GB version of the smartphone.

Other reports have also indicated existence of Apple’s first smartwatch, which many claim as iWatch. Patents on the other hand have indicated another named – iTime, and according to sources familiar with the matter, Apple will release its smartwatch on September 9 alongside iPhone 6.

Ravi
Ravi

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