11/19/2015

Apple Peer to Peer payments

Most of us are now familiar with Apple pay, notwithstanding its limited availability. It’s only a matter of time before a global rollout similar to the Apple online store. Apple are building on this success with a peer to peer payment solution that plans to exclude the major credit card companies by dealing directly with the banks. This new payment method would allow iPhone users to send money to another iPhone user. While similar products exist, the launch of an Apple specific product can only but disrupt the payments market due to the extensive penetration of the apple eco system. The big question is will it have the capability to transfer across borders or will this be a stop too far for Apple.

Source: re/code