Apple’s new app enables phone-to-phone financial transactions

According to a new report, Apple is working on a program (application) that allows people to use their iPhones to make direct money transactions with stores of goods and services.

The smartphone giant has been working on the app since 2020, following the acquisition of Canadian start-up Mobeewave. MobioView was creating ways for smartphones to accept and process credit card transactions without calling.

This is most likely done using an “infos” chip, which is similar to the hardware that makes the Apple Pay possible.

Businesses will be able to turn their iPhones into payment terminals with a non-contact credit card [کانتکت‌لس] Or get another iPhone on the back of the phone.

Currently, to connect the phone via Bluetooth to the “third party” terminal [ساخت شرکت‌های دیگر] it is needed.

It is unclear whether this payment option will be part of Apple Pay or a new application. According to Bomberg, the team working on the program has been involved in designing Apple Payments since 2020.

The new app may be released through a software update, possibly as part of iOS 15.4, which will be available early this spring.

In 2019, Apple launched the “Apple Card”, which activates the cyber payment system so that users can make their tax payments over the phone.

Apple announced that for every purchase made through Apple Pay services, it will return 2% of the transaction amount to the buyer, provide these services free of charge, offer a program for managing related finances, and at the same time Strict attention will be paid to the confidentiality of personal information.

There are no visible numbers on these cards. Instead, the card number is stored on a secure chip inside the iPhone that generates virtual numbers for online or phone purchases that require a number.

As of this writing, Apple has not responded to The Independent’s request for comment.