You Might be Able to Make Payments Through iMessage in the Near Future
Apple is apparently working on integrating peer-to-peer payments to its iMessage app. According to a patent application filed earlier Dec. 2015, the tech firm is not only looking to allow users to make transactions over its text messaging service, but other services including voice calls, emails, and calendar invites as well.
The patent filing shows image of an iMessage chat between two iPhone users over the subject of repayment. Meanwhile, the upper right corner of the screen displays a payment option that apparently pops up when one party asks the other to pay them back.
Another image shows the ability to send money to more than one recipient, and an option to type in the dollar amount of the transaction, with a confirm button to complete the transfer.
With the integration of peer-to-peer payments to iMessage, Apple might be looking to target iPhone users in the age range of 18-34 year olds as Javelin Strategy & Research, a financial services firm, found that peer-to-peer payments are especially popular with this certain age group.
Apple expects peer-to-peer users to use its mobile payments service Apple Pay, where it reportedly gets a slight cut of each transaction. This way the Cupertino, Calif.-based company could build another business model to contribute additionally to its revenue stream.
Currently, there’s no word on when Apple might introduce the new service. We’ll keep you updated on the latest as it happens.
Gohar is the lead editor at TechFrag. He has a wide range of interests when it comes to tech but he's currently spending a big chunk of his time writing about privacy, cyber security, and anything policy related.