If you live in the USA and have Apple’s latest iPhone, you just got a built-in way to send cash via a text message. The company rolled out Apple Pay Cash yesterday. It is one of the marquee features of iOS 11.2, which, due to a software bug, the company had to release on Saturday, a bit earlier than planned.
Back in June at WWDC, Apple Pay Cash was first announced, considering it as a proprietary take on mobile payment apps such as Venmo, Square Cash, and PayPal. Although it was supposed to launch with iOS 11 in September, Apple delayed the launch and until the release of iOS 11.2.
How it works
While the new feature allows you to transfer money through iMessage or using Siri, the money can be drawn money can be drawn from a debit or credit card tied to your Apple Wallet. Once received on the other side, an Apple Pay Cash card is showed up, which is kind of a virtual gift card, stored in the Apple Wallet. You can then transfer the money to a bank or keep it on the device, spending it anywhere that accepts Apple Pay. All of these can be done inside iMessage, no need to download any third-party app.
Users outside of United States may have to wait a bit longer as it’s currently only available in the US. There’s still no word for an international expansion.