Fintech
Fintech Nexus Newsletter (June 11, 2024): Apple introduces Tap to Cash for iPhone-to-iPhone payments
Yesterday Apple held its annual Worldwide Developers Conference (WWDC), during which it made several interesting events ads.
The most relevant for fintech is the new “Tap to Cash” feature that will be integrated into iOS18. Apparently, this will allow users to send and receive Apple Cash by simply holding two iPhones together.
Additional updates have also been made to Apple Wallet, including the ability to redeem rewards and manage installments via cards loaded into the wallet.
Of course, yesterday’s big announcement was about Apple Intelligence, a new suite of AI products that will be integrated directly into Siri.
Simone Taylor muses about what could happen if we combine Tap to Cash, Apple Intelligence and open banking.
Fintech is about to get more and more interesting…
In the foreground
> Tap to Cash lets you pay by tapping iPhones
By Brian Heater
Apple’s keynote at WWDC 2024 was packed with new features, including a number of key new updates for iOS 18. One of the coolest additions is Tap to Cash, which is pretty much what it sounds like, allowing users to pay for things by tapping a couple of keys together. iPhone.
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Peter Renton is president and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and is the author and creator of the Individual fintech podcastthe first and longest running fintech interview series.