Apple began to discuss with banks the mobile payment system between individuals

Moscow. November 12. Apple is discussing with banks in the U.S. the possibility of creating a payment system that would allow users to transfer money to each other with mobile phones, without resorting to cash or checkbooks, writes The Wall Street Journal, citing informed sources.

The system is expected to be recalled to service Venmo from PayPal is a free online wallet, which enables transfers of funds and co-payment accounts (for example, in a restaurant or taxi) or gifts.

In the USA there are more startups who are trying to convince Americans that in our time can do without a wallet, notes the WSJ. While their services are in demand a small percentage of the population, which, however, is growing steadily.

Apple interested in this direction, but it is unclear how exactly the company plans to earn on it. Presumably, users will be able to transfer money to each other with any Apple device. Most likely, the system will be linked to the payment platform Apple Pay, allowing payment for goods and services using Bank cards with iPhone.

In 2014, 46% of mobile transactions in the U.S. took place through banking applications and platforms, 19% through Venmo, 14% – from your mobile phone, 10% via Square. At the same time to transfer money to each other, the Americans use a variety of methods: 73% of respondents in may 2015 preferred cash, 55% also used cheques, 49% – PayPal, 39% – Internet banking 20% mobile banking application and 6% Square and 5% Venmo.