Passbook : Your dematerialized wallet

The new app was pitched by Apple executives as a user-friendly holder for electronic cinema tickets, boarding passes and Starbucks vouchers, all of which use barcodes on-screen. The iPhone will detect if you're at the airport, for instance, and fish out the relevant electronic documents.
But observers said such examples are merely a prelude to Passbook and the next iPhone acting as a fully-fledged electronic wallet, probably with “wave and pay” technology built in.
