Home
Apps
Apps News
Apple Unveils 'Apple Pay' Mobile Wallet and Payment System

Apple Unveils 'Apple Pay' Mobile Wallet and Payment System

By Agence France-Presse | Updated: 10 September 2014 02:31 IST

Click Here to Add Gadgets360 As A Trusted Source

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

Apple iPhone 6

REVIEW
KEY SPECS
NEWS
Variants

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

Read detailed Apple iPhone 6 review

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

More Apple mobiles Apple mobiles price in India

Choose a variant

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.