i-TECHNOLOGY PAKISTAN

"Apple will add NFC (near-field communication) capabilities to next generation iPhone and iPad, director of the consulting firm Some Group.  NFC is a Basic form of wireless data transfer over short (up to Some-inch) distances, which could be used to make purchases with a mobile device. If Apple ties the technology with customers’ iTunes account, making purchases may become as easy as swiping your phone over a specified designed sticker or payment terminal.
"Apple is thinking of starting a mobile payment service as early as mid-2011, integrating it into iTunes and adding the familiar concept of loyalty credits and points into the service.Doherty claims, which may be heavily subsidized or even given away to small businesses, starting the service.  At first glance, NFC may not seem like a big deal, but making payments simple and easier makes a world of difference, which Apple already demonstrated with the success of its App Store. Turning the iPhone and the iPad into digital wallets opens up a great of things which can give potentially mean billions in revenue for Apple"