Apple iPhone 6 to have 'mobile wallet' function, says report

Technology giant Apple plans to enable its next iPhone to become a mobile wallet by allowing owners to securely make mobile payments in a store with the touch of a finger, Bloomberg said on Sunday, citing a person familiar with the situation.

The agreement includes participation by Visa, MasterCard and American Express and will be announced on September 9 along with the unveiling of the next iPhone, according to the source, who Bloomberg said asked not to be identified because the talks were private.

The new iPhone will simplify mobile payment by including a special communication chip, along with a fingerprint recognition reader that debuted on the most recent iPhone, the source said.

Officials could not immediately be reached at Apple, Visa, Mastercard and American Express.

(Reuters)