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