According to the talks, Apple has finally reached an agreement for partnering with American Express to the new iPhone payment system. Along with other several partners, American express also work with Apple Inc. for its new payment system and new payment terms will be announced by Apple on September 9 launch event.
Apple has planned to launch a new payment system that allows the users to pay directly from their mobile itself through the NFC technology. Instead of using credit cards or debit cards, the users can directly place their mobile in the checkout corner of the retail shop to pay for their shopping. It’s not sure that the retailers have signed the agreement regarding this new payment method. But this one will be a new form of payment that allows the iPhone users to directly pay with their iPhone.
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Introduction of new payment system will make apple to introduce a new own wallet for iPhone users that allows them to pay from their phone wallet itself. By using this wallet, iPhone users can directly pay for the App Store and iTunes right from their own mobile wallet itself.
The Information, a popular new site reported that Visa also agreed for the new iPhone Payment system and also to work with Apple. Apple has been working hard to make this work perfectly and it would provide a secure payment system for the consumers well. Rumors say that Touch ID fingerprint will be used to provide security for this new payment system and this will definitely make us to think about it.
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