Apple Pay mobile wallet service expected to hit US on 20 October

Apple’s mobile wallet service, one of the reveals made by the company in its September announcement, is expected to roll out in the US on 20 October, along with the iOS 8.1 update.

Called Apple Pay, the mobile wallet will use near-field communications (NFC) to allow the iPhone 6 and iPhone 6 Plus to make secure payments.

Bank Innovation has suggested that the code in the iOS 8.1 update will allow Apple to ‘test’ the payments system.

McDonalds, Starbucks and Subway are among the brands who have signed up so far to use the Apple Pay service, while Nordstrom and Disney are rumoured to be considering signing up.

However, there is currently no hint as to when the Apple Pay service will be launched outside of the US.

Apple is also expected to hold an event later this month to announce its new iPad devices.

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