I’ve said before in this blog that I don’t believe that Apple will launch NFC in iPhone…but I’m starting to change my mind. This after the last weeks signals and rumours and this time from sources that I believe in, like Wall Street Journal, Finextra, AppleInsider, TechCrunch and now last from the normally initiated KGI securities analyst, Ming Chi-Kuo.
If right we will in the September launch find NFC in two new models of iPhone’s, both with larger screens , and intwo models of a new gadget, the iWatch.
This move if/when happening will be interesting in many ways
- Consumers would be able to use their iTunes accounts to pay in shop with “a tap” (and PIN if high amount = more than $20/€20/£20/200SEK).
- Interchange fee? Card not present fee (card is on file) and liability? What’s needed on the merchant side, new agreement, sw upgrade of POS/cash register systems? Cards is in the back of the iTunes account so card companies “will not worry that much”, they will get the transactions in any case.
- Will/how will Apple handle vendors of mobile wallet solutions? Allow other wallets to enable iTunes payments?
- Many new POS’s is WE/Asia/US is already hardware ready, just need to be enabled.
..consumers will embrase this move, will be interesting to see how offline merchants react..
Anyway, when it happens it will be good news for the mobile payment and mobile financial services industry.