The Wall Street Journal reports that Apple has partnered with China's big four state-run banks to launch its mobile payment service by early February 2016. Can Apple pull this off and be ahead of Samsung?
With rumors of the next iPhone having NFC support, Apple could be working on some form of wireless payment system and it seems like they've been in talks with major payment system vendors. If this turns out to be true, it could re-shape point of sales transactions as we know it.
SingTel and Standard Chartered Bank today unveiled Dash, a mobile money service that is the result of a first-of-its-kind collaboration between a telco and a bank. Unlike existing cashless payments, Dash does not require NFC technology to work. Hit the link to find out how Dash works.