Wednesday, December 25, 2024

Fintech Nexus Publication (June 11, 2024): Apple introduces Faucet to Money for iPhone to iPhone funds

Yesterday, Apple held its annual Worldwide Builders Convention (WWDC), throughout which it made a number of attention-grabbing bulletins.

Probably the most related to fintech is the brand new “Faucet to Money” characteristic that will probably be constructed into iOS18. Because it sounds, this can permit customers to ship and obtain Apple Money just by holding two iPhones collectively.

There have been additionally extra updates to Apple Pockets, together with the flexibility to redeem rewards and handle installments by playing cards loaded into the pockets.

After all, yesterday’s huge announcement was about Apple Intelligence, a brand new suite of AI merchandise that will probably be built-in instantly into Siri. 

Simon Taylor muses about what may occur if we mix Faucet to Money, Apple Intelligence and open banking.

Fintech is about to get extra attention-grabbing…


> Faucet to Money helps you to pay by touching iPhones

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Apple’s WWDC 2024 keynote was packed, together with a variety of key new updates for iOS 18. One of many extra attention-grabbing additions is Faucet to Money, which is kind of what it feels like, letting customers pay for issues by tapping collectively a pair of iPhones.


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Jane Larimer, President & CEO of Nacha, on working the most important funds community

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Danger Income Discussion board New York

Subsequent Cease NYC! About Fraud & Sift are coming to the Large Apple for our subsequent cease within the Danger Income Roadshow.

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  • Peter RentonPeter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media firm targeted on fintech. Peter has been writing about fintech since 2010 and he’s the creator and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview sequence.


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