Home » Consumer Finance, Video » Apple's iPhone 5 Still Lacks Mobile Payments


October 10, 2012

Apple's iPhone 5 Still Lacks Mobile Payments

Apple's iPhone 5 is superior to its predecessors, but perhaps the biggest news is its lack of near field communications (NFC). Apple remains the only phone manufacturer not to incorporate the chip, which is considered the technology that will power mobile payments. Speculation around how Apple will introduce mobile payments to its customers is widespread. Passbook, a new app in the latest version of the iPhone operating system, can store loyalty cards and boarding passes. Passbook could be the precursor to a mobile wallet if payment functionality is added. The question is what technology Apple will use to implement its mobile payment system. Will it be NFC, or some other short range technology such as low energy Bluetooth, which is already available on its devices?

Watch this video on Youtube


« China No Longer a Slam-Dunk Growth Market for Nike | Main | Chinese Government’s Efforts to Spur Consumer Electronics Sales »

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Subscribe

 RSS Feed

Receive New Posts via Email:

 

Join us on...


View our YouTube Channel Follow Euromonitor on Twitter Become a Fan on Facebook Connect with Euromonitor on LinkedIn

Filter by Category

Filter by Geography

Filter by Industry

Recent Posts

Global Briefing: Assessing the Illicit Trade in Cigarettes and Foreseeing One in Nicotine Liquid

Product Development Trends in the North American Pet Food Market

The Key Growth Markets for Yoghurt

Key Takeaways from Cartes Secure Connexions

The Impact of Technology on Travel and Tourism in the Middle East

Regional Trends in Consumer Foodservice

Global Foodservice Sales Reach US$2.6 Trillion in 2013

India Planning Outright Ban on E-Cigarette Products

Top 3 Challenges in Reaching the Chinese Consumer

Euromonitor to Speak at Hong Kong Toys and Games Fair