Even though Apple Pay might be available on battlefields in Ukraine, it cannot be used by streetcar and subway riders in Canada’s largest city. The Metrolinx transit agency in Toronto might accept Apple Pay in a few years, The Toronto Star reported.Read more
It is not clear what countries Apple Pay Cash will go to next, but the United Kingdom is a likely possibility – because it is right next door to Ireland.
Members of the European Union such as France, Italy, and Germany, are also a strong possibility because Ireland and Spain are both members of the Eurozone.
Apple’s offering is too little and possibly too late. Amusingly, America’s tech journalists hailed Apple’s addition of an eight-year-old technology to Apple Pay and iMessages as a “major development.” Business Insider even called it a “Venmo Killer.”
The first version of PayPal’s (NASDAQ: PYPL) Venmo was released back in 2009; eight years ago. Apple is not behind the curve here, it seems to be stuck in the last decade. Nor is it just Venmo, that has beaten Apple to the punch; Square’s (NYSE: SQ) Square Cash has been on the market since 2013.Read more
An even greater threat to Apple Pay is waiting in the wings in the form of Tez, a QR-code based payment app from Alphabet (NASDAQ: GOOG); the company popularly known as Google. Tez is currently only available in India; where it already has around five million users, aFaqs! reported. That’s chump change compared to India’s largest payment app Paytm which has over five million users. Tez is less than two months old, but its growth rate should scare Tim Cook to death.Read more
WorldRemit might become a major player in the remittance and finance business because it has raised $148 million in venture capital. The next logical step for WorldRemit will be to launch its own digital wallet.Read more
The monster bank’s real secret weapon could be automatic teller machines (ATMs). News reports indicate that Chase is developing a card-less ATM that is supposed to work with digital wallets like Chase Pay. The advantage to this is obvious: It allows digital wallet users to get cash.Read more