iPhone 5 equip mobile payment system

The whole technological world waiting for news about the technical characteristics and the release date iPhone 5. And then came the confirmation that the upcoming smartphone will equip the system of mobile payments. Apple has brushed off rumors were circulating that Apple developers abandon the system, so as to NFC technology is not developed by industry standards.

A lot of talk about a possible partnership between the payment system PayPal, and by Apple. At a conference at the Australian Institute of International Affairs (AIIA) in Sydney, Rod Farmer, co-founder of Mobile Experience, said that such a partnership "for consumers, the best option in terms of payments. You do not need to think about how broad network of banks, brokers will have less need to change a smaller number of already existing relationships. "

Between Google and mobile payments system PayPal has already signed an agreement to support the system near the Radio NFC. The work of the electronic payment system Google Wallet is also provided through the payment systems MasterCard and Citi. Currently, the ability to work with the system is only available in NFC smartphone Nexus S, but Google has said that this year from 40 to 100 million smartphones equipped with the system NFC. Nevertheless, the interface is PayPal's phone on the Android platform will only be available in late September, just in time for the expected release of the iPhone 5. - [Retail prodavtsav and retailers] need the first push, says Laura Chambers, director of mobile operations in the company of PayPal. Perhaps if Apple decides to use the wireless system for NFC payments (in cooperation with PayPal), then the market of mobile payments will receive a powerful stimulus to growth.

Source: ibtimes