As we know the most awaited iPhone 5 will be launched in the summer of 2012. Now we came to know that Apple will include NFC technology in iPhone 5 which will allow you to use your iPhone 5 as debit card to make payments. According to 9to5Mac, Apple will make partnership with Mastercard or Paypass to include NFC technology in iPhone 5. They have received this information from a developer who is currently developing an application which will allow users to use their iPhone as debit card to make payments. This app will include NFC reading capability for mobile transactions. According to this developer, he came to know that Apple iOS engineers are heavy into NFC.
For those who don’t know, NFC is a chip that transfers information wirelessly. NFC allows you to use your iPhone as debit card in order to make payments. It will store the information of your debit or credit card and also it will store the loyalty credits and points because it would call for an iTunes “revamp”. If you refer your friends to make certain purchases then the credits and points will be increased. Apple has also started a self-checkout system to their Apple Store app which allows users to use their iTunes account to buy items at Apple retail stores.
Recently the sources of iLounge has reported that Apple will launch iPhone 5 in the summer of 2012. iPhone 5 will come with faster processor, 10 megapixel camera, messed up color profile, aluminum back, Siri named as ‘Assistant’. iPhone 5 will be 8 mm longer than the current generation iPhone. In the previous year, lots of people were disappointed when Apple launched iPhone 4S in place of iPhone 5. The good news is that you will not be disappointed in this year because Apple will launch iPhone 5 in this year. You have to wait until the summer to buy NFC capable iPhone 5.