Apple had previously brought the second public beta of the iOS 11.2 system, which Apple finally brought Apple Pay cash transfer functionality to test users.
Apple Pay cash transfer is done via SMS, which is designed to facilitate transfers between people, just like Square Cash or Venmo. Users can find the person they want to trade through the iMessage app, and then use their built-in capabilities to transact money directly in iMessage. Although most Apple Pay transfer transactions are estimated to use the majority of iPhone billing, but now users can also choose to use the Apple Watch to do the same operation.
Apple announced for the first time at the Worldwide Developers Conference in June this year that Apple Pay Personal Cash Transfers was introduced as a key feature of iOS 11 but it did not appear in any version of iOS 11 betas. At the end of the iOS 11.1 testing phase, Apple confirmed that it will be available in future releases of iOS 11.
In addition to more and more sophisticated features, we also see more and more banks and financial institutions supporting Apple Pay. Although the number of U.S. banks that now support Apple Pay is already quite a few, there are still many customers waiting for Apple Pay to arrive. Today, more than 20 U.S. banks back Apple Pay, and Apple Pay's expansion continues.
In China, two other banks started to support Apple Pay, namely Guangdong Huaxing Bank and Zhangjiakou Bank. However, we all see that Apple Pay in China has been encountering strong competition in such localized mobile payments as Alipay and WeChat.
Recently, Apple Pay also landed four new markets, namely Sweden, Finland, Denmark and the United Arab Emirates.
Since its birth more than three years ago, in fact, Apple Pay has made a lot of achievements, it started from the United States, it has now landed in more than 20 countries and regions, at the same time there are more than 4000 card-issuing institutions to support Apple Pay, and from We can also see in the data that 50% of retailers in the United States support Apple Pay.
Mobile payment market is a very large cake, and Apple's service business is now also in a fast-growing, thriving stage, of course, Apple also hopes Apple Pay can achieve greater results.