Apple has joined forces with Visa, MasterCard and American Express in order to turn the next generation of iPhone into an e-wallet.
With this new function, iPhone owners could use your smartphone in order to pay for groceries and other products in stores.
For some time now, there are talks and rumors that Apple could cover the markets of mobile payments, and this report is the latest hint that claims this could indeed be a realistic move.
Wired has recently reported that Apple’s next iPhone will be equipped with NFC technology for mobile payments, and technology website The Information has last month reported that Visa has signed a partnership contract with Apple, and the website Re/Code has added American Express to the list of partners with speculation that finger print scanner will also have a particular role in payment system.
Google, Amazon, Facebook and PayPal are already in different phases of integration of mobile payments in their businesses.