Apple rolled out Apple Pay Cash for those in its public beta program the service will act like virtual debit card, allowing P2P payments, to take on Venmo.
Apple Pay Cash will allow users to make personal payments over iMessage or make purchases using money stored on a virtual debit card in the Wallet app.
The firm rolled out Apple Pay Cash in its public beta program, and it’s set to arrive to all US customers once iOS 11.2 and watchOS 4.2 become available.
Apple Pay Cash uses the debit or credit card linked to your Apple Pay account. With the new feature, you can add money to the virtual card, or transfer the balance to your bank account.
So far, it’s only available for customers in the US who are part of the beta software program. The Apple Pay button will appear in the apps section of Messages, according to TechCrunch, allowing you to send money to other users. Or, you can prompt a transaction by sending or receiving a message asking for money.
The process requires two-factor authentication for Apple ID. Once the money arrives to the Apple Pay Cash card, it’s immediately usable anywhere that accepts Apple Pay.
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