Apple is in talks to develop mobile person-to-person payments

The tech giant Apple is currently liaising with US banks to design an innovative service. They are talking about a mobile person-to-person payment solution. Some sources have revealed that this facility would rival the popular platform Venmo by PayPal. Key details on the project are still in development. Technical aspects would determine how the new solution will merge with the banking industry’s existing infrastructure. The talks are ongoing. However, it is still unclear whether any of the institutions have signed a deal with Apple yet.

Apple is working on a new payment service with banks