Apple said to be planning person-to-person payments service
Apple is in talks with major banks on an extension of its Apple Pay service that would allow person-to-person payments.
The discussions are continuing and it's unclear whether any banks have struck a deal with Apple, reported The Wall Street Journal on Wednesday, citing "people familiar with the talks."
The newspaper said the envisaged service would allow users to send payments from their checking accounts to others using their phone and isn't imminent. It said one person had told it the service could launch in 2016.
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