Apple has never been famous for being the first company that ever launches a specific product nor category. What it has been famous for , is in figuring out the right way to do something, and we’ve seen it repeatedly with products like the iPhone, iPad and even the iPod. We’ve heard some substantial rumors that the company is working on a mobile payments system of its own, to battle defeated products like Google Wallet, and today we get more reports on what it will be like.
It seems that Apple has already reached an agreement with China UnionPay on a mobile payment service, and for this to happen, part of the deal is that Apple’s future products need to support NFC. According to the rumor:
“Under the deal with China UnionPay, users would be able to download the bank card organization’s app to Passbook in their iPhones and make mobile payments on over 3 million China UnionPay’s “QuickPass” POS machines in China, the source said. Currently China UnionPay is developing a system that follows its PBOC QuickPass standard which is compatible with Apple’s iOS. Major Chinese banks have been invited to participate in the project.”
One of the biggest reasons why Apple is building bigger iPhones is specifically to cater to the Chinese market. The company clearly needs to make a statement in this market, and even though it has been reluctant to adopt standards like NFC, a market this big proves to be enough to get Apple to adopt anything. Let’s hope the Chinese market also begins to demand bigger batteries, though you’ll understand the sarcasm behind that statement.