Telsyte's Gedda said NFC technology opens up other options including "peer payments" where users pay for services by bumping phones together, and in-app payments. NFC is also an access control technology, meaning it can be used for authentication, to start a vehicle, and provide access to a building, he said.
"So we might see some interesting applications with Apple's HomeKit aswell," he said.
The new Apple iPhone 6 and iPhone 6 Plus will be available in Australia from September 19.
Gedda said the new Apple Watch will give wearables the boost they need for different applications.
"Applications involving access control, health and fitness and even payments in the future. We are just at the tip of the iceberg of what's possible with wearables and the watch is the low entry point."
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