Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Apple's iPhone Payments System Will Reportedly Be Accepted At CVS And Walgreens

Steve KovachSep 6, 2014, 04:17 IST

Walgreens and CVS are expected to be among some of the major retailers that will accept payments from Apple's new mobile payments system, Re/code's Jason Del Rey reports.

Apple is expected to announce its mobile payments platform along with new iPhones on Sept. 9. The new iPhones are said to have near-field communication (NFC) chips that can communicate with point of sale terminals when you tap the phone against them.

Apple is also expected to announce a new wearable computing device, the so-called iWatch, on Sept. 9. That gadget is also said to have NFC and may also be used for payments, according to Brian X. Chen of The New York Times. NFC could also be used to pair the iWatch with your iPhone.

Assuming all these reports are true, you can expect several more major retailers to come out in support of Apple's payments system on Sept. 9.