With the next iPhone launch less than a fortnight away, a new report suggests that the iPhone 6 would come with an NFC chip from Dutch chipmaker NXP. Apple is reportedly working with NXP to add secure short-range wireless technology into the iPhone 6, enabling new pay-by-touch capabilities, Financial Times reports.
Citing sources that are familiar with Apple’s plans, the report states that NXP will provide the secure NFC chips that will allow an iPhone to connect with payment terminals or ticketing systems.
Apple has so far avoided having NFC on the iPhone while most Android smartphones these days come with the feature. Android makers had jumped on NFC hoping to kick off mobile payments, which hasn’t happened so far. Even Google’s Wallet payment hasn’t taken off.
It isn’t new for Apple to wait it out before embracing any new technology and it poised favorably to make mobile payments successful. Earlier this year, Tim Cook revealed that Apple had over 800 million iTunes accounts with credit cards linked to them. Apple could tie in the mobile payment system with iTunes.