Apple Pay allow users in selected countries to make payments to merchants using their NFC-enabled iPhone or Apple Watch, and it looks like the Cupertino company wants to extend that. According to rumours, Apple is working on person-to-person payments on Apple Pay.
According to Recode, Apple wants to allow iPhone owners to send money digitally to other iPhone owners, This will make it a whole lot easier to transfer money to other people, whether it’s to split your dinner bill, or to pay for your rental. This service is similar to other personal payment services in the U.S. such as Venmo and Square Cash.
Recode also reports that Apple recently talked with Visa about creating its own prepaid cards. This means that users would be able to send money to each other without having to wait for it to clear to their bank account. Apple’s own prepaid card from Visa could also be used to make payments on websites and in apps. Hopefully, it would also also work with existing merchants that support Apple Pay.
Sadly, this is not confirmed and Apple could change its plans…again. The idea of peer-to-peer payments goes all the way back to 2014 when Apple Pay was first launched. The Wall Street Journal previously reported that Apple would launch person-to-person payments last year but it didn’t happen.