Apple Watch and iPhone users in the America can now use Apple’s Tap to Cash peer-to-peer money transfer service to transfer money to each other via NFC.
The ability to use NFC to add a payment card to Apple Wallet is also being rolled out via a new Tap to Provision service.
Announced in June, Tap to Cash has gone live with the rollout of iOS 18 and watchOS 11 on 16 September.
“With Tap to Cash, users are able to send and receive Apple Cash by holding two iPhone devices together — without having to share phone numbers,” Apple said at launch. “For example, Tap to Cash can be used to pay someone back at dinner or buy something at a garage sale.”
The service can be used to send or receive a minimum of US$1 and a maximum of US$2,000 per transaction, Apple says. There is also a rolling seven-day maximum transfer limit of US$2,000.
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.