The new iOS also offers a feature called "Passbook," where digital coupons, airline tickets and gift cards can be conveniently stored in one location.
This, too, is going to be popular.
Yet, Passbook would be an even handier tool if the iPhone 5 boasted a near-field communication chip to enable wireless payments at the checkout stands equipped for the still-nascent technology.
Some phones running Google's Android software are able to process payments because they have the NFC chip.
Image: Phil Schiller, Apple's senior vice president of worldwide marketing, speaks on stage about new connectivity features in the iPhone5.