Apple Planning to Release Person-to-Person Mobile Payment Service

[PhilSynowiec]

Although most of the world isn't as well connected as countries like South Korea, we're working on it. Services like PayPal, and now Apple Pay and Android Pay, are helping countries around the world are slowly making way to a wallet-less future.

The Wall Street Journal reports on Wednesday that Apple is in talks with banks to bring person-to-person mobile payment service as soon as 2016. Apple's service would be rival to PayPal's Venmo and allow iPhone users to make digital payments to each other with a simple zap.

Author Robin Sidel writes, "The service would likely be linked to the company’s Apple Pay system, which allows customers to make credit-card and debit-card payments with their mobile phones".

It's hard to tell when exactly Apple plans to release the service, or even it it will make it in time for 2016 at this stage. But with digital identification cards becoming legal in some states and Apple Pay getting more popular, owning a wallet may not be completely necessary in the near future.