Report: No NFC for mobile payments in iPhone 4S

NFC mobile payment using iPhone

According to a report from Bernstein Research, the iPhone 4S will not include an NFC (Near Field Communications) chip.

The technology has been widely anticipated in the next iPhone in order to facilitate mobile payments. NFC can be used in lieu of carrying a wallet full of credit cards by allowing a user to wave their device at a reader to make a payment. The chip can also be used for peer-to-peer payments, electronic key card access like those found at office buildings and hotels as well as ad-hoc wireless networking, among many other uses.

According to Business Insider:

Bernstein says NFC can add $15-$30 billion in incremental revenue for high end mobile companies. Apple, with 20% of the high end mobile market, could end up with $4-$9 billion in extra revenue.

Is Apple missing out on a huge opportunity? They already have millions of credit cards on file thanks to iTunes and the ubiquitous Apple ID system. We shall see this September.

Follow this rumor and more on our iPhone 5 rumors section.

via Business Insider

Related

  1. Chicago Woman Killed In iPhone Robbery
  2. Apple’s Airs New iPhone 5 ‘Dream’ ad, Featuring Notification Center
  3. Popular Music Service Rdio Launches Vdio, Social Video on Demand Service
  4. Apple Seeds Fifth Beta of iOS 10.2 to Developers & Public Beta Testers
  5. Apple Pay to Go Live in U.K. on July 14th
  6. Apple Officially Pulls the Plug on MobileMe, iWork.com
Apple Giveaways

iPhone X Giveaway

$999

Enter

MacBook Pro Giveaway

$1499.00

Enter

10.5″ iPad Pro Giveaway

$649.00

Enter

iPhone 8 Plus Giveaway

$800.00

Enter
Share