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]