Apple Pay, Apple’s mobile payment platform, will start on Monday, allowing customers to make purchases in retail stores using only their iPhone 6 or iPhone 6 Plus. Apple CEO Tim Cook made the announcement Thursday at a live event at Apple’s Cupertino, California headquarters.
The program allows users to pay for items by holding their iPhone 6 or 6 Plus near a contactless reader in a participating stores. Major retailers and restaurants like Walgreen, Duane Reade, Subway and McDonald’s have signed on. Apple also partnered with American Express, MasterCard and Visa on the project. Apple Pay includes an online component as well, making it easier to partake in e-commerce.
“It’s going to change the way we pay for things,” said Cook.
More Must-Read Stories From TIME
- TIME's Top 100 Photos of 2021
- Inside Frances Haugen's Decision to Take on Facebook
- Why We Should Stop Freaking Out About Inflation
- Austria's Plan to Make COVID-19 Vaccines Compulsory Is Dividing Citizens — and Experts
- Inside the 80-Year Quest to Name Pearl Harbor's Unknown Victims
- Buying a House Feels Impossible These Days. Here Are 6 Innovative Paths to Homeownership
- 'They're Very Close.' U.S. General Says Iran Is Nearly Able to Build a Nuclear Weapon
- A Charter School's Racial Controversy Reveals the Real Battle For America's Classrooms
Read More From TIME
