Report: Apple is working on a debit card and Venmo competitor

Apple is working on a Venmo-like money-transfer service, according to a report by Recode – and perhaps even its own debit card. Rumors have been floating around about an Apple Money-transfer service since 2015; now it seems the company is making another push in the space. Unfortunately, it seems the service would be limited to people on Apple’s ecosystem, perhaps only from iPhone to iPhone. That would make it extremely-not-useful if you have any friends that owe you money and run Android. The pre-paid debit card rumor is a bit more interesting. According to the report, the company has been in talks with Visa…

This story continues at The Next Web

Or just read more coverage about: Apple


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