Apple introduces Apple Pay mobile payments
Apple just announced its latest iPhone models, the iPhone 6 and iPhone 6 Plus. Among the laundry list of hardware features just confirmed for these two phones is NFC support, Apple’s first foray into the tech on its smartphones. With its arrival, Apple’s finally ready to get into the mobile payment game, launching its Apple Pay system.
Apple Pay lets users add payment cards to Passbook with their phones’ cameras, securely storing your data. It supports Visa, Master Card, and American Express, and a number of big-name banks are similarly on board.
Beyond tap-to-pay at retail locations, Apple Pay will manage payment details for online purchases through participating merchants.
With the iPhone 6 and 6 Plus supporting NFC, Apple Pay mobile payments will be available at some 220,000 retail locations across the US. And yes, Apple Pay will be a US-exclusive for the time being. Even then, it won’t be available immediately following the iPhone 6 release, and will instead go live sometime next month.