Apple Pay will be incorporated into Passbook and become Wallet.
During the WWDC keynote, Apple announced that its upcoming Wallet app will replace Passbook, but function in the same way: You’ll still store your concert tickets in Wallet alongside your Apple Pay card information. The program will also store reward cards for stores like Kohl’s and JCPenney as Apple Pay will start supporting retail loyalty programs this fall.
Apple Pay is also rolling out in the United Kingdom this July, supporting about 70 percent of all British credit and debit cards. More than 250,000 locations will accept Apple Pay on launch day, including Boots, Waitrose, Post Office, and other popular stores and restaurants. Apple Pay will also be accepted on London’s public transit system, which still isn’t possible in the U.S.
For speculators who wondered whether Apple Pay would kill mobile payment rivals like Square, it’s clear now that Apple and Square are partners, not competitors. Apple announced Monday that Square is working on a new card reader plug-in for iPhones that will support Apple Pay, which will be available to business owners this fall.
Stay tuned for additional details as they become available.
Via Macworld