Friday, April 26, 2024

Apple is reportedly working on peer-to-peer payments

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220,000 Stores Start Accepting Apple Pay

Apple is reportedly in negotiations with US banks to create a mobile personal payment platform that would compete with PayPal’s popular Venmo app. The Wall Street Journal, citing unnamed sources close to the talks, states that discussions are currently ongoing though there’s no confirmation that any banks have actually signed on yet. Chase, Capital One, Wells Fargo and Bank have all been named as potential partners.

Source: Wall Street Journal

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