Apple is working on expanding the functionality of Apple Pay 10

Apr

28

2017

In Cupertino are working to expand the functionality of Apple Pay, reports Recode with reference to informed sources. The next innovation of the company’s corporate service for conducting contactless payments may become Apple Cash, which allows users not only to pay for purchases, but also to transfer funds between each other’s accounts.

As noted by the interlocutors Recode, within the framework of the planned expansion, Apple can also deal with the distribution of virtual debit cards issued under the auspices of Visa. Representatives of the company from Cupertino are already negotiating on the relevant topic with the leadership of the payment system. Whether the outcome of the talks will be publicly announced, Recode sources have not been informed.

“Apple has begun negotiations with Visa on the possible release of its own debit cards, which will be part of the planned transfer system,” Recode told a source familiar with the company’s plans. – Users will be able to add this card to the virtual wallet. With its help, you can not only transfer money, but also pay for purchases in online stores […] “.

The idea of ​​turning Apple Pay into a multifunctional financial tool is not spontaneous for Apple. The development of the corporate service in this way was part of the company’s plans at the time of its launch in 2014. Even then, as The Wall Street Journal stated, Apple was considering the possibility of issuing its own “plastic”, which in the end it was decided to postpone until better times. Welcome to the best of times!

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