Originally Posted by Crowley
I was arguing for NFC in the phone rather than a proprietary Apple alternative for precisely that reason. The benefit to retailers for allowing people to pay with their iPhone is unlikely to be enough to prompt the investment in additional payment tacking technology unless Apple do a stupendous job in keeping costs down and advertising value add.
Meanwhile, it seems like the contactless payments are being integrated into PDQ machines as standard now in the UK, so retailers are getting it when they replace their terminals. If nothing else changes then eventually they'll all have it.
And you can use contactless debit cards and credits cards instead of Oyster now. It's totally conceivable that this could be integrated into a phone without needing any hardware changes at the barrier.
If you read the commercial computer publications and financial publications online, you will get a different answer. The iPhone is 43% of smartphone marketshare here, and rising. iOS users spend a lot more with their phones and tablets than do Android users, and are more likely to use apps that enable payment. This is documented. There have been many articles about this saying that the industry is waiting to see what Apple will do, and until then, they are holding off.
We see the big credit card companies are working on their own version of the software and encryption, along with some of the banks, but there is a big split between them as to what they actually want, and it's way behind schedule.
Google's Wallet has been a failure so far, and Google knows it. Earlier this year they modified it to also use Apple's iBeacon technology.
The UK has a bunch of differing standards, and they're always modifying them. I'd be willing to bet that if Apple did come out with NFC, and it began to catch on here, other countries would, at some point, begin adopting it. iOS users have too much buying power to ignore, and they're willing to use it with Apple devices and software in preference to other standards