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There are rumors that Apple will be going to launch its latest iPhone 6 handset in the month of September, 2014. And, along with the new phone, the company is also planning to introduce e-wallet or mobile payment service.
This new service will be available in the form of a piece of hardware or a secure element in the phone, where users can store their financial credentials.
The owner of the phone can save all of his sensitive information in this device. There will not be any necessity for users to carry a wallet for purchasing things from the market. They can use their iPhone which includes an e-wallet and it permits you to buy products from the retailer shops. For utilizing benefits of this payment service, you will have to upload all of your banking information in the inbuilt e-wallet. This new upcoming feature will be the method of sending payment data with the help of wireless networks option of Bluetooth and Wi-Fi.
There is not any need to get worried regarding your securities. This feature will include a Touch ID function that will scan the fingerprints of user. If it finds that the user is an authenticated person, only then this function will enable you to use this device. The CEO of the company, Tim Crook said that “The mobile payments area in general is one that we've been intrigued with, and that was one of the thoughts behind Touch ID."
Google is also preparing to release its wallet. According to the rumors, the launching date of the Google wallet and the upcoming iPhone 6 can coincide with each other.
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