This deal is set to enable payment-by-phone at the 3 million “QuickPass” POS machines nationwide. The system is designed to follow standards set for QuickPass by the Peoples Bank of China (PBOC).
According to the source, Apple is also likely to incorporate a Near Field Communication (NFC) payment function in the next generation iPhone.
In January 2014, there were rumours that PayPal is set to gain a role in the Apple’s mobile payments service, as online media outlet recode.net reported.
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