Apple seems to be planning to turn its next iPhone into a mobile wallet through a partnership with major payment networks, banks and retailers, according reports. Apple has agreed with Visa Inc., MasterCard and American Express and will unveil its plans on Sept. 9 along with the next iPhone, Bloomberg reports citing an unnamed person.

The new iPhone will make mobile payment easier by including a near-field communication chip for the first time, the report says. That would allow consumers to securely pay for items in a store with the touch of a finger.