Apple Pay is a mobile payments service by Apple Inc., announced on September 9, 2014 at their 2014 iPhone Event. It is scheduled to be released in October 2014 (on iPhone 6) and in early 2015 (on Apple Watch), initially in the US only, before further roll-out internationally later.[1] The service lets iPhone users pay with "one-touch checkout" at retail locations using near-field communication (NFC) technology in conjunction with the Passbook app and Touch ID. Apple announced the service to work with 220,000 US retailers, including department stores Macy's, Bloomingdales and Target, drugstores Walgreens and Duane Reade, restaurants like Subway and McDonald's, and grocery stores like Whole Foods.[2] It can also be used to make purchases within participating apps; on their website, Apple show Apple Pay working within Target's app.[1]
As they all feature near-field communication (NFC), Apple Pay is compatible directly with the iPhone 6, iPhone 6 Plus, and also with the Apple Watch, which must be paired with a compatible iPhone (iPhone 5 or later), and works for in-store transactions only.[1]
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