iOS 8.1 Reportedly Confirmed to Feature Apple Pay

Multiple anonymous sources are claiming that iOS 8.1 will include Apple’s all new mobile payment system Apple Pay, and the current expected timetable for its public release is scheduled for October 20, Bank Innovation is reporting. Sources further claim that iOS 8.1 contains “hidden code” that will allow Apple to test Apple Pay with the private beta release of iOS 8.1.

Apple pay

The report adds that the public release of iOS 8.1, which will be sometime in mid-October, will have improvements for other Apple services as well. It has been previously reported that iOS 8.1 will be adding major improvements to the Apple Maps app, which haven’t been included in the initial, relatively buggy releases of iOS 8. Meanwhile, developers are worried that they won’t be able to test out Apple Pay before the public release, since many merchants are expecting massive Apple Pay volume from Day 1.

“That being said, experts in the financial services industry aren’t as optimistic — many expect that Apple Pay “will be the next Siri.” The only issue is the timetable, which continues to shift as Apple makes massive security advances in the payments field. Our sources have given dates ranging from anywhere to late September to early November. Due to the continually changing reports, Bank Innovation cannot confirm the exact date at this time, but we can confirm that Apple will stick to its timetable of “October” and that sources at Apple say that the official Apple Pay release is tentatively scheduled for the third Monday of October.”

Sources have also indicated that Apple wants to make sure Apple Pay is perfected before it is released to public (US-only at launch).