The battle for dominance in the mobile payments space has only just begun. For years, Google Wallet, PayPal, Square, and a dozen others have tried to entice customers and retailers with the concept of contactless payments. None has succeeded. yet.
Now Apple will try to break the glass ceiling above mobile payments with Apple Pay, its own breed of payments based on Near Field Communication (NFC) technology. In the past, Apple has taken niche technologies and turned them into hugely successful products that appeal to mainstream users. We’ll soon find out if history will repeat itself; Apple Pay is set to launch by the end of this week.
In the meantime, we’ve put together a comprehensive guide with everything you need to know about Apple Pay and why mobile payments may be on the brink of going mainstream.
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- Setting up Apple Pay on your iPhone
- How it works
- The security behind the system
- Where Apple Pay will work
- Mobile payments will go mainstream