Apple Pay expands the list of financial institutions and adds new features

6 September 2017

Apple PayApple Pay has expanded the list of its participating partners adding new banks and credit unions in the United States. The new list of financial institutions joining the mobile payment service expands its presence in the regions of the country where such deals were lacking. Besides, at its WWDC event the company announced the new features to be added to Apple Pay that will be available with the upcoming iOS 11 and watchOS 4.

New banks and credit unions include such names as Community National Bank & Trust of Texas, First State Bank of Mendota, First State Bank Southwest, Great Plains Bank, Mascoma Savings Bank, Holyoke Credit Union, Icon Credit Union, Landings Credit Union and others.

With the long awaited launch of its new operation systems, Apple will allow users to make P2P payments to friends and their relatives via iMessage with the use of Apple Pay. This option will be accessible on iPhones, iPads and Apple Watches. In addition, customers will be able to use Apple Pay Cash service representing a virtual debit card created inside the Wallet application, which keeps the funds transferred through P2P transaction. The funds could be further transferred to the bank account, sent to other recipient or used for purchases at participating locations.

While Apple Pay has successfully established its presence across the globe including Canada, Russia, Switzerland, Australia, China, Hong Kong, Japan, Spain and other nations, availability of the new features will be restricted only to the United States after immediate launch of the new operation systems.

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