Apple Pay in action

Discover will be joining Apple’s proximity mobile payment system called Apple Pay “in the future,” allowing iPhone 6 and Apple Watch owners to pay for goods and services using Discover’s credit cards stored in the Passbook application, the company confirmed in a tweet last evening following Apple’s press conference.

”No need to worry,” reads the tweet. “We are in discussions with Apple to add Discover cards to Apple Pay in the future”.

Here’s Discover’s tweet.

Apple Pay was announced yesterday alongside the Apple Watch, iPhone 6 and iPhone 6 Plus. The proximity-based mobile payment system taps NFC hardware and Touch ID to authenticate payments, using the iTunes billing backend and credit cards stored in the Passbook application.

Apple Pay add a card

The service is viewed as a potential new revenue stream for the Cupertino firm which has managed to negotiate deals with banks that will allow it to collect transaction fees when a user makes the purchase, according to Bloomberg.

Some of the big banks participating in Apple Pay include JPMorgan Chase, Bank of America, Citigroup and others.

The market for in-store mobile payments is set to quadruple to roughly $90 billion by 2017, according to a recent study conducted by Forrester Research.

Using Apple Pay on older iPhones from the iPhone 5 onward will require an Apple Watch, the company confirmed. The service is scheduled to launch sometime in October.

Are you impressed by Apple Pay and do you plan on using it?

[Twitter via 9to5Mac]

  • Frank Anthony

    Ok. But well, the only problem with this ApplePay is that is not going world-wide. And apple don’t have plans at least for now to work with other companies and merchants worldwide! 🙁

    • BoardDWorld

      I can’t imagine it taking long to be made available globally.

    • Maxim∑

      it does have plans to go world wide now, regulations are different so once all the legal stuff clears it will come.

    • Gove them some time everything is not available from day one. A lot has to be set up for worldwide use.

  • nmpraveen

    Its inevitable. Either you join or people who are choosing new cards are gonna take which supports many features. Right now I have just a discover student card and was thinking of opening a AmEx card but glad that Discover is not waiting. Wonder why they didn’t sign up initially!!