Apple Pay Cash

Discussion in 'iOS 11' started by ssong, Jun 5, 2017.

  1. ssong macrumors 6502a

    ssong

    Joined:
    May 3, 2015
    Location:
    London, UK
    #1
    So it seems that whatever money is sent through Apple Pay is kept in a separate account with Apple Pay as 'Apple Pay Cash' (this was highlighted in the watchOS 4 preview site).

    Just wondering what the bigger implication of this is? Surely this can be interpreted as Apple testing the waters to entering consumer banking? I mean Apple Pay Cash in effect becomes a current / checking account for most people?

    Just wanted to open this up for discussion and see if anyone has more insight.
     
  2. redbeard331 macrumors 6502a

    redbeard331

    Joined:
    Jul 21, 2009
    #2
    Curious about this as well, especially since it's the only new feature.
     

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