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Wireless

Apple plans mobile P2P payment service - report

Thursday 12 November 2015 | 08:51 CET | News
Apple is in talks with talks with a few US banks to create a mobile person-to-person payment service that would rival PayPal's Venmo platform, people familiar with the talks told the Wall Street Journal. The discussions are ongoing, and it is unknown if any of the banks reached an agreement with Apple, these people said. Details about the ways in which the service would be attached to the banking industry's existing infrastructure are also yet to be unveiled, they said. The new service, thought to be similar to PayPal's Venmo, would enable the transfer of payments from end-users' checking

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Categories: Mobile & Wireless
Companies: Apple / PayPal
Countries: United States
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