Apple’s mobile payment system, which got much more real this morning, will have some major partners from day one. According to Re/code, Apple has struck deals with both CVS and Walgreens that will allow iPhone 6 users to pay for items in each respective store with the device’s payment system. Neither of the two pharmacy giants commented on the rumor.
This system, previous rumors claim, includes many of the major players, such as American Express, Mastercard and Visa, and will essentially act like some of the other mobile payment alternatives out there. Apple, of course, has this uncanny way of securing better deals and taking complex ideas mainstream, so next week’s announcement could be the start of the “true” digital wallet revolution.
As Re/code rightly points out, securing partners like CVS and Walgreens is huge because people shop there daily, or at least weekly. I know for me personally there’s a Walgreens right down the street, which is super convenient to pop into when I need something for my apartment. Using it in places like CVS and Walgreens can get users accustomed to the new service pretty quickly, and most of all get consumers to feel comfortable doing it.
It isn’t clear if Apple is working out similar deals with other retail chains across the U.S., but chances are we’ll start seeing a lot of support over the coming months. At the very least, I’d expect stores like Target, WalMart and grocery stores to start adopting Apple’s new mobile payment system.