The company Apple is in talks with partners to launch a mobile payment service between the users, in fact, the own competitor Venmo from PayPal. This was reported resource Recode, citing “numerous” sources close to the negotiation process.
According to sources, this service will allow one iPhone user to directly send money from your smartphone the iPhone. The name may be Apple’s Cash, and the launch is expected towards the end of the year, possibly at the autumn event with the announcement of new generation iPhone.
However, while sources contradict each other about whether you already have the date of the announcement and to run, and one source familiar with Apple’s plans said that while the service is at a very early stage of development.
The new payment service Apple involves a large collaboration with Visa. It will allow users to pre-paid digital cards serviced with the debit of the Visa network, but is tied directly to Apple. It can also be a part of Apple Pay. In this case, users will be able to receive money via Apple’s Cash from other users, and add such a digital Visa card to Apple Pay in order to spend money in retail stores and establishments or online.