“Apple is wading into Venmo’s main business, betting that letting users easily send money to each other will make its Apple Pay service more appealing,” Ian Kar writes for Quartz. “It appears Apple has been considering a move into the area for at least a year. A job posting for a ‘Senior Architect’ for Apple Pay from November 2014 viewed by Quartz mentioned an interest in the ‘money transfer’ space.”
“One way Apple might add money transfer services to iOS is through iMessage, the proprietary messaging service, according to people who have discussed the program with Apple,” Kar writes, “It’s already one of the most used default apps on iPhones and is especially popular with the younger crowd—a survey by messaging service Jott found that 60% of teens say that it’s their preferred messaging app, according to TechCrunch.”
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MacDailyNews Take: Baking P2P payments into the Messages apps would certainly be an elegant, easy-to-use solution!
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Apple discussing mobile person-to-person payment service with major U.S. banks – November 11, 2015