Another image shows the same iPhone during the same iMessage chat, with the screen revealing how the user would authorize a payment. The recipient's name is listed, and additional recipients can be entered. There is space to type in the dollar amount of the transaction, and a confirm button needs to be pressed to complete the money transfer.
By adding peer-to-peer payment capabilities to iMessage, Apple has the opportunity to attract more iPhone users in the age range of 18-34. According to financial services firm Javelin Strategy & Research, that is the age group in the U.S. that finds peer-to-peer payments popular. What might have you confused is how Apple would make money by offering this feature. It's actually quite simple.
Apple expects peer-to-peer users to be attracted to mobile payment service Apple Pay. And since Apple takes a slice of credit card transactions that use the mobile payment service, the company sees this as a way to take in some additional revenue.
There is no word on when Apple might implement this. And make no mistake about it, such patents might be needed as more messaging apps look to offer financial services. For example, Kik is a popular messaging app that is said to be looking at offering some peer-to-peer payment options for iOS, Android and Windows 10 Mobile users.
Apple applies for a patent on peer-to-peer payments using iMessage
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