Apple Pay Cash could arrive in late October, according to a footnote at the bottom of the Apple Watch Series 1 webpage on Apple's website, as first discovered by 9to5Mac.
Apple Pay Cash could launch in late October
Apple Pay
Apple Pay Cash coming later this fall with an update to iOS 11 and watchOS 4
Apple Pay Cash, a virtual card that will hold the funds you receive from friends and family through the Cupertino company's new peer-to-peer money transfer service in iOS 11, will be available later this fall as an update to iOS 11 and watchOS 4.
Double click of iPhone X’s Side button will confirm Apple Pay transaction
iPhone X will have an elongated Power/Lock button on its side. They're calling it the Side button and you'll use it for things like Siri, Wallet, Apple Pay and more.
iPhone 8’s 3D facial scanner might be used to authenticate Apple Pay transactions
Earlier this week, iOS developer @r_idn uncovered evidence from the accidentally released HomePod firmware that Apple's iPhone 8 may permit users to authenticate Apple Pay transactions with a face scan instead of through a fingerprint.
Apple Pay to launch in UAE, Denmark, Finland & Sweden later this year
Apple announced during yesterday's earnings call with Wall Street analysts and investors that its contactless mobile payments system is coming to customers in the United Arab Emirates, Denmark, Finland and Sweden before the end of this calendar year.
JCPenney now accepts Apple Pay
The United States department store chain JCPenney announced on Monday that it is now accepting Apple Pay at its retail locations nationwide.
Apple launches major Apple Pay promotion in China to gain market share
Apple today launched a large-scale Apple Pay promotion in China, offering various discounts and rewards to customers who would use Apple Pay between July 18 and July 24 to make purchases in participating merchants across mainland China.
Billed as the largest Apple Pay promotion to date in the 1.33 billion people country, it offers discounts of up to 50 percent and as much as 50 times the usual number of reward points for credit cards, with 17 Chinese banks offering 50 times the reward points accrued when transactions are made using credit cards registered with Apple Pay.
Apple's website lists 28 retail locations that are participating in the promotion, including international brands such as 7-Eleven, Watsons, Burger King, Starbucks and more.
JD.com along with an additional fifteen online merchants are part of the promo, too.
Apple Pay launched in China in February of last year.
“I am happy to see that Apple finally has decided to do something to gain market share in China,” IDC China's managing director Kitty Fok told South China Morning Post.
According to research firm Analysys, Chinese mobile payment market is dominated by Alibaba and Tencent, whose Alipay and WeChat Pay held respective 53.7 percent and 39.5 percent of the market as of the first quarter of 2017.
Alipay and WeChat Pay also offer various cash rebates or discounts now and then.
Apple celebrates America’s national parks with Apple Pay donations & Activity challenge
From July 1 through July 15, Apple is donating $1 to the National Park Foundation for every purchase made with Apple Pay at any Apple Store, on apple.com or through the Apple Store app for iPhone and iPad in the United States.
Apple Pay is accepted at select locations in some of the most popular national parks, from Yellowstone and Yosemite to the Grand Canyon and Muir Woods National Monument.
Proceeds will support the National Park Foundation’s mission to help protect and preserve national parks through conservation projects and other initiatives, as well as inspire the next generation of park enthusiasts with enriching youth programming.
According to CEO Tim Cook:
America’s national parks are an inspiration to us at Apple, and we know they are as important to many of our customers as they are to us. Our goal is to leave the world better than we found it, so this July we’re making it easier for anyone to help preserve the beauty of our natural, cultural and historical treasures.
Apple Watch owners who complete a walk, run or wheelchair workout of 3.5 miles (about 5.6 kilometers) on July 15, which matches the length of a hike from Old Faithful to Mallard Lake in Yellowstone National Park, will earn a special badge in the Activity app and unique stickers in the Messages app for iPhone, inspired by national parks.
Apple adds that App Store will soon highlight a collection of “some of the best apps to help users easily navigate and explore the country’s most beautiful national parks.”
Apple Pay P2P transfers will incur standard 3% fee when funded by a credit card
If you try to use your credit card to fund an Apple Pay person-to-person payment over iMessage, Apple will tack on a 3% fee, reports Recode. The fee is standard among similar P2P services, and necessary to cover credit card transaction costs, but it's worth pointing out to potential users.
If you don't want to incur the 3% fee, simply use your debit card to fund the Apple Pay P2P payment, as this method is completely free.
Apple announced the new iMessage-based service during its WWDC keynote earlier this week. With it, you'll be able to use any card stored in Apple Pay to send money to other users. Once sent, the money loads onto a prepaid Apple Pay Cash card, where it can be spent or withdrawn.
Apple Pay Cash will go live after Apple publicly launches iOS 11 this fall.
Source: Recode
Apple unveils Apple Pay person-to-person transactions, and Apple Pay Cash card
The number one contactless payment service in the mobile world, Apple Pay, will be implementing person to person payments starting with iOS 11. What the rumor mill had treated for the longest time as Apple Cash is now going to be located in your redesigned iMessage app drawer, and serve as an easy way to send money to any friend or family member on Apple's iMessage service.
Money transferred via iMessage winds up in the recipient's Wallet app in the shape of a brand new card called Apple Pay Cash card. From there, the card can be thought of as a multi purpose account, facilitating purchases on the App Store, storing the money for future transactions, but also offering the handy option to withdraw the money to your private bank account. As expected, Touch ID authentication is required to go ahead with any one transaction.
Apple Pay could hit Ukraine in the second quarter of 2018
Apple Pay is set to launch in Ukraine in the second quarter of next year, according to an anonymous tipster in one of the Ukrainian payment systems. PaySpace Magazine is reporting (Google Translate) that Maxim Patrin, the chief of e-business with financial institution Alfa-Bank, mentioned that Apple Pay might make its debut in the country sometime next year.
Alfa-Bank today unveiled a new digital banking service, called Alfa Digital, which will permit customers to add their cards to Apple Pay when the service hits Ukraine. According to MacRumors, the country currently lacks Apple Pay, Android Pay and Samsung Pay.
Samsung Pay is rumored to launch in Ukraine later this year.
Apple could be working to bring Apple Pay to India soon.
The mobile payments service currently works in 16 major markets: Australia, Canada, China, France, Hong Kong, Ireland, Italy, Japan, New Zealand, Russia, Singapore, Spain, Switzerland, Taiwan, UK and US.
Patent applications suggest Apple may be preparing to bring Apple Pay to India
Despite low buying power, India with its population of 1.32 billion people represents a massive marketing opportunity for the increasingly popular smartphone payment services. Small wonder that the Cupertino company now appears to be preparing to bring its own mobile payments service to its customers in India, said a new report.
Apple Pay currently works in sixteen major markets.
According to a BusinessStandard article, the iPhone maker has submitted at least five applications with the Indian Patent office over the past year, all related to its digital payments system. The patent applications range from using biometrics to authenticate payments to securely transferring payment to a device such as a point of sale device.
While Indian law clearly states that software is intrinsically not patentable, exceptions exist for devices with software. If Apple's patents are granted, Apple Pay could hurt homegrown digital payments firms such as Paytm, Mobikwik, Freecharge and several others.
Samsung Pay launched in India in March 2017, while Google plans to bring Android Pay there later this year by anchoring the service to the government-backed Unified Payments Interface.
Last week, Facebook made a patent application of its own with the Indian Patent office. It outlines a digital wallet service that would presumably be integrated into its popular Messenger and WhatsApp messaging services.
Apple has been doubling down on the Services category as a way to boost sales of iPhones in India and elsewhere. Recently, the firm began assembling iPhone SE in Bangalore, in a facility run by its supplier Wistron, marking the first time the cupertino company has assembled any iPhone model in the country.