Apple intends to turn the iPhone into a full 6 eWallet

No, it's not about NFC, although it is possible that this technology will be needed to implement the plan Apple too. 

According to The Information, the company is negotiating with the major payment systems relating to the implementation of the electronic wallet function in the future smartphone. It is expected that this year's iPhone users will pay in retail stores using their device. 

Actually, nothing new in this, and a number of Android-smartphone can already do this with the use of technology NFC. But Apple is usually his view of things and the company almost always develops an original approach to the implementation of these technologies. Said payment via smartphones while not particularly common, as there is no global support for its major payment systems. The reason? Perhaps the lack of sufficiently reliable method to encrypt payment data. After all, it focuses on Apple, discussing such technology with potential partners, the source said. 

In particular, the company plans to build a smartphone separate encrypted storage for banking and other payment information, and this store will be sold as a separate piece of hardware that is not associated with the main drive. Moreover, even cellular operators selling zalochenny smartphones under contract, will not have access to the payment service Apple and no control over it. This is a completely separate element. 

If the company from Cupertino is really negotiating with VISA or another giant financial market, if successful it will allow her to avoid a lot of problems that arise due to various kinds of intermediaries. Still, VISA is an international payment system and the global implementation of payments via the iPhone is much more interesting than working with parochial services. In addition, it saves users and sellers who do not have to pay interest intermediaries conducting transactions. 

As for the technical part of the project, the opinions are divided. Some sources claim that will be used by NFC, other - Bluetooth or Wi-Fi. Also expected to use Touch ID to confirm payments.