Moving forward with its plans to turn its new iPhone into mobile wallet, Apple Inc. is partnering with Payment service providers Visa Inc., MasterCard Inc. and American Express Co., reports Bloomberg. The company is expected to launch the product in the event on September 9 along with new iPhone. The upcoming iPhone will be available in two models including a 4.7-inch display and a 5.5-inch version and also supports iOS8.
It is expected to introduce a mobile payment process including a near-field communication (NFC) chip along with Touch ID to pay for items purchased in a store by the touch of a finger.
Recently, the company has also launched new iPhones and iPads and is now planning to launch internet connected watch to expands its reach in wearable technology.