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This rumor has been going on for years, but 2017 might be the year of peer-to-peer Apple Pay. According to a new report from Recode<\/a>, the company could be launching a new Apple Pay feature later this year so that you can send money to other people using the service.<\/p>\n While you all know and use Apple Pay if you have an iPhone and live in one of the countries where it works, Apple Pay has always been about paying for stuff in retail stores and online. The company is missing out on a big lucrative market with peer-to-peer payments. The success of Venmo and Square Cash proves that.<\/p>\n This service would work between two iPhone users. Recode\u2019s report doesn\u2019t say how you would send money, but I feel like iMessage could be the right platform for this kind of things.<\/p>\n In addition to that, Apple could be working on a pre-paid Visa card to cash out on your Apple Pay wallet. If someone sends you money using Apple Pay, you could be able to use this balance using this card. This way, you don\u2019t have to withdraw it your bank account and wait a few days.<\/p>\n I don\u2019t think Apple would charge for this service as competing services don\u2019t charge for this kind of transactions. It could be a way to promote Apple Pay and make people add cards to their iPhone instead.<\/p>\n Rumor has it that Apple Pay usage isn\u2019t taking off as much as expected. Let\u2019s see if the company announces this feature as part of iOS 11 at the WWDC conference<\/a> in June.<\/p>\n","protected":false},"excerpt":{"rendered":"![\"\"](\"https:\/\/tctechcrunch2011.files.wordpress.com\/2015\/04\/apple-pay.png?w=680\")
This rumor has been going on for years, but 2017 might be the year of peer-to-peer Apple Pay. According to a new report from Recode, the company could be launching a new Apple Pay feature later this year so that you can send money to other people using the service. While you all know and use Apple Pay if you have an iPhone and live in one of the countries where it works, Apple Pay has always… Read More<\/a><\/p>\n\n<\/img><\/a>
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