It has never been a question of if, but rather when Apple (NASDAQ: AAPL) would embrace mobile payments and develop its own digital wallet. Since the iPhone 6 was first announced, many industry analysts have speculated that the new handset would incorporate an NFC chip to facilitate mobile payments; now the Wall Street Journal agrees, not only for the iPhone, but for the iWatch as well.
In Thursday's report, WSJ writers Greg Bensinger, Lorraine Luk and Daisuke Wakabayashi wrote that both as yet unannounced devices would incorporate near field communications (NFC) technology. According to sources close to Apple, "NFC wireless is central to Apple's plans to incorporate so-called tap-to-pay into its mobile devices, allowing users to pay for goods and services using credit cards stored with iTunes."