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Using public transportation? Just whip out your iPhone if you're in Japan

New Yorkers may still have to wait a bit longer to pay for their subway rides with their smartphones, but it looks like iPhone owners in Japan may be enjoying this feature sooner rather than later. According to a new report from Bloomberg, a “future iPhone” will feature FeliCa technology, which is a mobile tap-to-pay solution in Japan from Sony Corporation.

This will let Japanese commuters store bus and train passes on their iPhones, and simply tap their devices against entrance scanners to gain access to public transportation.

Comparable to the Near Field Communication (NFC) technology that’s used across North America, Europe, and Australia in Apple Pay, FeliCa is already ubiquitous across the island nation, with the Bank of Japan reporting 1.9 million of these payment terminals across the country, handling $46 billion worth of transactions last year.

As for which transit card providers would be in on the deal, an Apple source said that the Cupertino-based gadget maker would be willing to work with multiple networks, including Suica and Pasmo. Ideally, these transit passes would live in the Apple Wallet app, and customers could choose to buy either monthly cards or pay-as-you-go.

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While an Apple spokesperson has made no comment on these new reports, Bloomberg says the technology could be unveiled as early as September with the newest iPhone release. That said, a source noted that should talks with the Japanese payment networks require more time, the tap-to-pay transit feature could be withheld until next year.

Japan represents quite the opportunity for Apple, with the tech-obsessed nation accounting for 8 percent of Apple’s total revenue, and nearly 11 percent of the company’s operating profit this past quarter. So get on top of things, New York MTA — transit cards may already be meeting their demise overseas, so we can’t possibly be that far behind, right?