Published Date : Dec 05, 2017
Apple Pay Cash has begun to roll out to iOS users in the U.S. in the form of an update that will arrive piece by piece to those who have downloaded iOS 11.2. It brings the ability to send payments to other iOS users via iMessage. iOS 11.2 has been launched recently with a not-yet-live edition of the feature. Back in June, it had been publicized at the Apple Worldwide Developers Conference (WWDC). However, Apple had said ahead of the September launch of iOS 11 that the feature would arrive this fall with an update to the operating system and also watchOS 4.
Apple Pay Cash Brings All Functionality Directly to iMessage, Avoids Third-party App Hassle
Apple Pay Cash has been anticipated to be a proprietary take on Square Cash, PayPal, Venmo, and other mobile payment apps. It allows funds to be transferred to family and friends using Siri or in a message. The funds sent are drawn from the debit or credit card linked with the user’s Apple Wallet. They are displayed as a virtual gift card, i.e. Apple Pay Cash card, when received on the other side of the transaction. Furthermore, they are also stored in the Apple Wallet.
The received funds could be kept as a gift card on the device or transferred to a bank. The funds in a gift card could be used anywhere that accepts Apple Pay. As for the company, it could be a good way to keep people in the iMessage ecosystem and persuade users that have been hesitant to install Apple Pay.