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New Apple iPhone Have "Mobile Wallet" Function Post Posted: Mon Sep 01, 2014 10:11 am 

On Sunday, Apple Inc said that its next iPhone will be a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, citing a person familiar with the situation.

According to the source, the agreement includes participation by Visa Inc., MasterCard Inc and American Express Co and will be announced on 9th September, along with unveiling of the next iPhone.

The source said, 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.

Officials could not immediately be reached at Apple, Visa, Mastercard and American Express.

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