iPhone Mobile pay app for mobile wallet
With technological advancement and internet, now people wish that they can pay for retail goods by just push of a button on the smartphone. Now this dream is going to turn into reality as the biggest technology savvy Apple is planning to launch such mobile wallet. To activate apple mobile pay app, user just need to register first.
It is teaming with three major credit card companies, retailer like target, McDonald’s restaurant and many more. As announced by Apple, very soon consumers will be able to pay for grocery or a Big Mac just by tapping the new Apple smart watch or iPhone.
Apple Pay is the product that will allow payments through mobile. According to the research carried by Apple’s research team, in the next coming five years it will reach $100 billion in the United States. People will definitely responds to it as it will be very convenient and easy to make payment with the mobile phone.
Apple is promising on the security as well as privacy and it will not store the credit card information on the mobile device or even on Apples’ server. Apple claims that it will be even saferto pay with mobile wallet than paying with a credit card.
According to the sources form apple, the Apple Pay will be available on the two new Apple iPhone 6 and iPhone 6 Plus as well as the wearable computing device Apple watch that will be made available in the market for sale in the year 2015. If enough people use apple pay, then it is likely that other companies like Microsoft, Google, and Amazon may plunge into it and make deals with retailers and credit card companies and mobile payment will catch on fast.
Some of the companies have even tried earlier for this, but the security has remained the prime concern. Everything will be decided by factors such as Apple Payment experience mad security.
How Apple Pay will work
Apple Pay will allow users to store merchant loyalty cards, coupons, tickets etc. digitally in its Passbook app. using the stored credit card, customers have to wave their phone in front of the terminal kept for payment and the payment is delivered to the specified retailer. The way it will work will also contribute for future development. More and more merchant will join. Perhaps retailers will push customers for the mobile payment option.The future of the mobile wallet looks attractive and customers will be getting many offers more benefits with attractive offers such as discounts, rewards, cash back, gift coupon etc. So, gear up for the t new way of payment through push on your Apple smart device and enjoy the benefits that will come with it.
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