walgreens

Recode reports that Apple has signed on the country’s two largest pharmacy chains—CVS and Walgreens—to participate in its new mobile payment service. The company is expected to unveil the service, alongside two new iPhones, at a media event in Cupertino next week.

This is a big deal for a few reasons. For one, CVS and Walgreens have a combined total of over 15,000 retail locations, giving Apple’s new payment service a significant initial footprint. And two, due to the nature of their business, they tend to see a high rate of transactions.

The news comes on the heels of dozens of other reports regarding Apple’s mobile payment service. The company is said to have convinced three of the four major credit cards, high-end retailer Nordstrom, JP Morgan and several other financial institutions to get on board.

We don’t know much about how the service will work yet, but the consensus is that it will involve NFC built into the new iPhone, as well as Apple’s Touch ID and iBeacon tech. It’s also believed that the service will work with Apple’s new wearable device, dubbed the ‘iWatch.’

[Recode]

  • Judge

    This is HUGE… Visa Mastercard and now CVS and Walgreens!!!!!!!!!!! Apple is doing what Google and Samsung couldnt with NFC

    • kplayaja

      And AMEX…

  • mlee19841

    any word on if this will be exclusive to the iphone 6 or some kind of software add on all iphone users can use>?? thanks

    • Brian Voll

      Most likely exclusive to iPhone 6 with NFC

      • mlee19841

        yea. that blows.

      • Chris Gaunt

        Maybe not, if you put NFC in the ‘iWatch’ why would you need one in the phone too? This would allow all iPhone users to jump on board. Limiting it to only iPhone 6 doesn’t make sense.

  • stephan Chery

    Game changer. Apple has done it again.

  • MrM0N0P0LY

    I’m confused about this. How is it any different than using google wallet with an android phone and NFC?

    • Rowan09

      Not sure, but from the reports with Apple making deals with the big card companies and banks it seems to be very different. I’m assuming you’ll be able to scan your credit cards, debit cards, etc and make a payment using NFC.

  • Rook HD

    nice. I shop a lot at Macy’s and Stater Bros. Pls include these retailers.

  • Jordan Stevens

    This made me so excited and pleased with how big this news is. More and more companies are going to start getting on board. Apple is just brilliant!