Apple In Talks To Launch Apple Cash To Rival Venmo

Posted: Apr 27 2017, 3:00pm CDT | by , in News | Apple

 
Apple in Talks to Launch Apple Cash to Rival Venmo
  • Apple in Talks to launch its own Money Transfer system
  • We might be looking towards Apple Cash!
  • May Launch Its Own Visa Debit Cards

Apple in Talks to Launch its own Venmo Like P2P Mobile Payment Service Called Apple Cash

Apple always comes up with new and upcoming business ideas. This time they are here to tease us again with the concept of their own money transferring system.

The company has talked about this system earlier on as well but never announced anything final about the progress of this program. However now Apple has come up again with new aspects of the money transfer system.

The system that Apple has come up with will help the I Phone user to transfer money with ease. Actually they have come up with their own Venmo kind of system. This will in turn allow the iPhone users to easily send money to other iPhone users. This will all be done on the digital base.

One of the sources form the company confirmed this to Recode that Apple will formally launch the system next year in start. The final launch date however have not been set.

Apple had talks with a number of banks, in year 2015 for this project. Unfortunately the talks did not reach any conclusion which resulted in the program to go on hold. Now with the talks of this project again, it looks like Apple is finally getting onto something.

The company might have found investors and partners that can help in this project. If this kind of money transfer is started, it will surely help the iPhone users to send money on a more secure and easy level

Venmo which is a famous money transfer facility like that of PayPal, registered a transfer of $17.6 billion. This might double in a year. Thus it is a pretty profitable business from which Apple surely can take advantage for itself. The customers will need to use a digital wallet of Apple in order to use the facility.

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