Why the iPhone 5 is not your next wallet

For those of you that have been waiting for the iPhone 5 to feature mobile payment solution through the use of NFC (Near Field Communication) chip, as earlier reported that it was likely to receive, will likely have to wait a bit longer.

According to a recent article by the Independent in the UK, Apple will not include the technology for mobile payment in their upcoming iPhone 5. They refer to senior people at several of the UK’s leading mobile network operators selling the iPhone that Apple has disclosed in meetings that the coming iPhone 5 will not include Near Field Communication technology.

While the industry had been hoping for a universal standard for these types of mobile payment solutions by the end of 2011, it looks like Apple is holding back due to what they feel is a lack of a clear standard in the industry. Now Apple is famous for not going with current available technology and instead deliver their own, which is controlled by them. Just look at what Apple has done with wireless media with the introduction of Apple AirPlay streaming, making producers of associated technology adopt to their standards instead of vice versa. Could it be that Apple is holding off as they are working on their own NFC style technology?

The same independent article is hinting at rumors that Apple is indeed working on their own solution, that would like payments through their own iTunes solution. If that is the case then we could end up seeing Apple offering the technology to payment stations, charging of course a fee for the transactions.

Now one could argue that all Apple is doing is trying to deliver an better solution for users of the technology, but it is likely to be more about controlling and disrupting the market. Joining in on a technology that would work the same across several platform would mean they would have to relinquish some of the control they like so much to other third parties, and that is unlike Apple.

Google introduced NFC technology in their latest Google Nexus S handset, and the technology is also supported by the GSMA industry trade body.

We just have to keep in mind that it would not be the first time Apple has denied adding a specific component to a coming solution, but then introduced it anyway. However we see it as more likely that they are working on their own solution to “wave and pay” for their iOS devices.


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