IOS 8.1 will feature ApplePay
IOS 8 came along with the new iPhone 6 and iPhone 6+. From the start it was lacking many features such as support for HealthKit apps and other bugs. Their 8.0.1 update was a catastrophe, luckily they quickly launched the 8.0.2. It corrected issues within 8.0.0 and 8.0.1. Nonetheless it still doesn’t provide the full set of functions marketed by Apple.
The new version of the operating software will be launched on the 20th of October. The IOS 8.1 will feature ApplePay. You will be able to pay trough NFC with your iPhone 6 or iPhone 6+. With the Apple Watch launching early next year, you might be able to pay with your watch. But ApplePay is about more than NFC payments, you will be able to pay online. You will be able to use the service on your iPad and older iPhone models as well, with IOS 8.1. Effectively, it might replace PayPal for some users. This is a huge feature for Apple users and it might rock the boat for PayPal. eBay is set to end its partnership with PayPal in 2015, but there’s no sure option as to where it will go. Google Wallet would be a great option alongside ApplePay.
The Payment will be authenticated by the TouchID function. Basically you will be paying with your fingerprint, no signatures, no more pin codes. The service will use your current credit card to make the payments. There’s no word out on any commissions and fees. It’s safe to assume that a percentage of your purchases will go to Apple, but this is the case with most payment methods. You might not see the fees yourself, it might be the seller paying, as it is with PayPal and using Google Wallet to purchase items. Nevertheless, it will revolutionize the way Apple users pay for their purchases.