Apple plans to turn the iPhone into full-fledged payment terminals, with which it will be possible to accept card payments in one touch. The new feature may be fully launched this spring.
Apple plans to introduce contactless payment acceptance from bank cards into its iPhone smartphones, Bloomberg reports, citing sources.
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According to the publication, the company has been working on this feature since 2020. It was then that Apple acquired the Canadian startup Mobeewave, which is developing technology that allows smartphones to be used as mobile payment terminals. The value of that transaction was $100 million.
To turn the iPhone into a payment terminal, Apple will use existing technical capabilities — for example, NFC technology, which is currently used for Apple Pay. But now, in order to accept payments on the iPhone, sellers need to use payment terminals that connect to the phone physically or via Bluetooth. The new technology will make it possible to do without this need.
It is not yet known whether the new technology will become part of Apple Pay, or whether the company will launch it as a separate payment system.
The start of the iOS operating system update for this feature is expected in the coming months. In the near future, the company will release the first beta version of iOS 15.4, and the final release is likely to take place in the spring.
A similar function in their smartphones has already been implemented by Apple's competitor, South Korean Samsung. The company implemented one-touch card payments via a smartphone back in 2019.
In December, Apple released iOS 15.2 with a digital legacy feature. In it, users can choose an heir who will gain access to the account after their death.
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