We still need to carry around our credit cards in our wallets, so why not turn your handset into an e-wallet? Might as well. That’s what Visa Europe has in mind with the first commercial deployment of its iPhone payments App.
NFC-capable iPhones should be on their way later this year and the AAPL intends to look into ways for merchants to obtain a cheap and easy set-up for payment kiosks so that mobile payments can be easily handled with the proper infrastructure in place. This iPhone payment system requires users to use an add-on device before making a payment, but the iPhone 5 may have a built-in e-wallet if the rumors turn out to be true.