Apple Unveils 'Apple Pay' Mobile Wallet and Payment System

Apple Unveils 'Apple Pay' Mobile Wallet and Payment System
Apple unveiled a new mobile wallet on Tuesday aimed at allowing consumers to use iPhones linked to credit cards for more secure, convenient payments.

Apple chief Tim Cook said the Apple Pay system would replace an "antiquated payment process" with "an entirely new payment system" that allows consumers to touch their phones to retail terminals.

The new payment system will be built into the new iPhones and Apple's operating system which were also unveiled Thursday.

(Also see: Apple Launches iPhone 6, iPhone 6 Plus)

Cook said that each day in the United States alone "that's 200 million times that we scramble through our credit cards and go through what is a fairly antiquated payment process."

(In comparison: iPhone 6 Plus versus iPhone 6 versus iPhone 5s versus iPhone 5c)

He said other efforts have failed because the companies introducing mobile wallets were working on the basis of "their self-interest" instead of the user experience.

Cook showed a video of a consumer tapping a phone on a payment terminal, commenting, "it's so cool."

(Also see: Apple Watch Unveiled as 'Comprehensive Health and Fitness Companion')


iPhone 6, iPhone 6 Plus, Apple Watch Launch
  • Design
  • Display
  • Software
  • Performance
  • Battery Life
  • Camera
  • Value for Money
  • Good
  • Thin, light, easy to handle
  • Excellent camera
  • Superb performance
  • Reasonably good battery life
  • Bad
  • Limited storage
Display 4.70-inch
Processor Apple A8
Front Camera 1.2-megapixel
Rear Camera 8-megapixel
RAM 1GB
Storage 16GB
Battery Capacity 1810mAh
OS iOS 8.0
Resolution 750x1334 pixels
Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Further reading: Apple, Apple Pay, Mobile Wallet, Tim Cook
iPhone 6 Plus Launch Event Live Video Stream Is a Massive Apple Fail
Apple Watch Unveiled as 'Comprehensive Health and Fitness Companion'

Related Stories

Share on Facebook Tweet Snapchat Share Reddit Comment
 
 

Advertisement

Advertisement

© Copyright Red Pixels Ventures Limited 2021. All rights reserved.
Listen to the latest songs, only on JioSaavn.com