Description: The company is looking to expand Apple Pay into a new domain of financial transactions: direct payments between individuals.

Source: CNET

Date: November 12, 2015

Apple is reportedly talking to US banks about introducing a payment system that would let people transfer money directly to each other via nearby smartphones. Read More

Questions for discussion:

1. In what ways will the economy change if this payment ability becomes the norm?

2. Do you think banks will lose a lot of revenue that they earn from email money transfers if this payment method catches on?