As some of you may already know, Apple recently announced Passbook, a mobile wallet that aims to replace all your gifts cards and tickets. According to 9to5Mac, the all-new iPhone 5 will boast NFC (Near Field Communication) technology to make use of this mobile wallet. Continue reading to see a video on how NFC works (Blackberry) and for more information.

…it will see Apple poisitoning itself in direct competition with Google Wallet and another similar service unveiled by Microsoft last week.

If Apple follows its usual release patterns, then we won’t see an actual iPhone 5 until October. Will it feature NFC? Maybe, maybe not. But you can be sure that, if it does, Apple’s take on mobile payment could be enough to force the concept into the mainstream.

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