Apple has partnered with PayAnywhere, a mobile credit card reader service that is currently used at over 300,000 locations in the United States. Apple Pay is already supported by the largest banks, retailers and credit unions in the country, and the latest integration with PayAnywhere allows small businesses to take advantage of the contactless payment service.

PayAnywhere's mobile reader will be available for sale at Apple Stores starting this September for $39.95, with merchants purchasing the reader getting $5,000 worth of free Apple Pay transaction processing. In addition to Apple Pay, PayAnywhere's mobile reader can process regular magnetic stripe credit cards as well as other forms of NFC payments.

By partnering with PayAnywhere, Apple is on track to reach its goal of 1.5 million locations where its contactless payment service is accepted by the end of the year.

Source: CNBC