Details may expected during iPad launch event.
A leaked internal memo from the retail chain Walgreens suggests that Apple’s iPhone-based Pay mobile payment service is set to go live by the 18th of this month.
More details of the new payment technology are expected to be announced at the upcoming iPad launch event, which is set for launch on 16 October, 9to5mac.com noted.
Other retailers including McDonalds, Macy’s and Staples are also set to launch Pay services.
Using the new service, US Apple users can purchase goods and services just by tapping their new 6 and 6 Plus devices against a payment terminal.
Aimed at replacing the ‘fairly antiquated payments process’ of credit and debit cards, the new tech makes use of near-field communication (NFC) technology.
Customers can make payments for their purchases just by holding their device over a compatible reader. This technology marks an end to the swiping technology of credit and debit cards.
Further, Apple also launched a host of new training materials for retail employees and retail partners in order to guide them in setting up the new mobile payment service.
Users can set up Apple Pay in Passbook or via the Settings app.
Eight credit or debit cards can be connected with an iTunes account or by scanning cards using the device’s camera.
The TouchID fingerprint reader, which is integrated into Apple’s latest iPhone devices, will authenticate purchases by verifying user’s identity.
The new service is also set to be offered with Apple Watch, which is scheduled for launch next year.