Can Apple convert Passbook into a true mobile wallet?

04/12/2013 | CNET

Industry observers predict that if Apple could introduce a true mobile wallet in iOS 7, it would become a "killer app," Lance Whitney writes. Going beyond the Passbook's ability to store digital coupons, a true mobile wallet would allow payments through the phone and might incorporate near-field communications technology. "[M]obile payments require support from and cooperation among smartphone vendors, financial firms, retailers, and other industry players -- one reason why the growth has been slow," Whitney writes.

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