Apple announces Apple Pay for person-to-person exchanges

Apple pay in action

In an attempt to take on mobile payment apps like Venmo and Tilt, Apple’s announced that Apple Pay will be available for person-to-person monetary exchanges.

iOS device owners will be able to use Apple Pay to exchange money with other iOS device owners through the iMessage app.

Apple Pay in iMessage

In a demonstration, Apple senior vice president of software Craig Federighi received a message from a contact claiming that Federighi owed $20.

The Apple keyboard not only presented an Apple Pay icon, but by studying the content of the message, Apple Pay suggested that Federighi transfer $20 to the person he owed.

The updated Apple Pay will be cross-platform across iPhone, iPad, and Apple Watch.

The Apple Pay update was unveiled at WWDC 2017, and will launch with iOS 11 later this year.