The new version of the iPhone, one of the leading brands in the fast-growing smartphone sector, will feature "wave and pay" technology. Media reports suggest the next version of Apple's successful iPhone due later this year will incorporate Near Field Technology, a move that is likely to be copied by rivals running the Android operating sector. Starbucks recently announced its plan to launch contactless smartphone payment at its 6,800 stores - via in-store readers - and McDonald's will introduce contactless card payment at its UK restaurants by this summer.