Posted by & filed under Apple, business models, e-payment, Ecommerce, smartphones.

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-pay-with-credit-cards

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?

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