Tech

Analyst Says, “Apple is Developing a Digital Wallet”

apple

Pipar Jaffray analyst Gene Munster has been making all sorts of predictions this year from Apple releasing the iPhone 5S in August, to his latest report, stating that Apple is developing a digital wallet. According to Munster, Apple’s digital wallet will have payment option for iOS and could launch with the iPhone 6, or sometime mid 2014.

Apple has the option to use NFC Technology with the wallet, but will most likely use an existing mobile payment solution, since the company already has more than 500 million iTunes users with their credit card information on file.

In order for Apple’s digital wallet to be successful Apple would need to come up with a marketing plan that would include mobile advertisements from retailers and various advertisers says Munster. The analyst also says if Apple were to release a digital wallet they would really need to focus on security. Apple recently purchased AuthenTec a security provider which could provide fingerprint for its readers.

Apple first entered the digital wallet world when the Silicon Valley company debuted Passbook which allows users to store digital tickets and coupons.

“If Apple can recreate the wallet, it would create tremendous stickiness in terms of iOS mobile products,” the analyst said in an investors note out today.

Your friends would be so into this, share it!

Share Tweet Share Email

iPhone 5S Release Date Rumors: New Apple Phone Already In Production

Apple will begin production on the iPhone 5S in the next few weeks.

Click here to read more

Respond To This

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Tech you need to know

Follow

Get every new post delivered to your Inbox.

Join 522 other followers