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Agreements with Visa, MasterCard, and American Express

Apple to offer mobile payments in iPhone 6

Apple is partnering with Visa, Mastercard, and American Express to help make the next iPhone into an electronic wallet, Bloomberg reported Sunday. With the new feature, iPhone owners would be able to use their phone to use it as a wallet.

Apple is widely expected to reveal a mobile payments system alongside the iPhone 6 at its press event on September 9th. The system — supposedly designed to take on Google Wallet, Isis, Paypal, and others — would allow you to use your phone to pay for items at the cash register, and it appears Apple´s gained some strong allies in its quest.

Bloomberg reports that Visa, MasterCard, and American Express have agreed to work together with Apple on the rumored payments system. Recode and The Information previously reported that American Express and Visa, respectively, had reached agreements with Apple.

Google, Amazon, Facebook, Paypal are at various stages of integrating mobile payments into their businesses. But thus far, the technology has failed to take off in the United States.

Apple is expected to announce the iPhone 6 and other new gadgets at an event on September 9.

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