The Asian Age

NEW AP­PLE iPHONE TO HAVE ‘ MO­BILE WAL­LET’ FUNC­TION

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Ap­ple Inc plans to en­able its next iPhone to be­come a mo­bile wal­let by al­low­ing own­ers to se­curely make mo­bile pay­ments in a store with the touch of a

fin­ger, Bloomberg said on Sun­day, cit­ing a per­son fa­mil­iar with the sit­u­a­tion. The agree­ment in­cludes par­tic­i­pa­tion by Visa Inc., MasterCard Inc and Amer­i­can Ex­press Co and will

be an­nounced Septem­ber 9 along with un­veil­ing of the next

iPhone, ac­cord­ing to the source, who Bloomberg said asked not to be iden­ti­fied be­cause the talks are pri­vate. The new iPhone will sim­plify mo­bile pay­ment by in­clud­ing a spe­cial com­mu­ni­ca­tion chip, along with a finger­print recog­ni­tion reader that de­buted on the most re­cent iPhone, the source said. Of­fi­cials could not im­me­di­ately be reached at Ap­ple, Visa, Mastercard and Amer­i­can Ex­press.

— Reuters

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