The iPhone 6, iPhone 6 Plus and the Apple Watch were not the only things that Apple announced this Tuesday, to the excitement of all the techies worldwide. The other product they revealed is called ApplePay and Tim Cook said that it is a mobile payments platform that was designed to replace the common wallet. The ApplePay uses a technology called NFC (near field communications) which allows the new iPhones to interact with payments terminals with just a tap. Apple announced that they’ve already made deals with major credit card companies like MasterCard, American Express and Visa, plus other major retailers like Bloomingdale’s, McDonald’s, Disney, Macy’s, Subway, Sephora, Staples, , Walgreens and Whole Foods Market and many others. Apple further explained that the new payment system doesn’t store the credit card information on the phone and the number will not be given to the merchant either.
ApplePay, the New Mobile Payments Platform Revealed
Apple says that ApplePay will be very convenient for its users because it will already have the credit card info and address associated with the user’s iPhone account and when paying for something, the user will only have to tap the TouchID sensor and the items will be shipped to the user’s address. It sounds pretty interesting.
The new online payment system from Apple sounds pretty cool in theory but we definitely need more proof to convince ourselves that the ApplePay is that efficient and that secure as Apple claims. We will keep you posted on any updates on this topic. What do you think about this innovative payment system? Do you think it may be the beginning of a new way to make payments? We would love to hear from you so you can share your thoughts in the comment section below.