December 5th 2017
By Mike Flaminio
Apple Pay Cash is now functional with iOS 11.2. Apple Pay Cash allows people to send cash to other Apple customers directly. The system introduces a new Apple Pay Cash card that becomes active once terms are agreed upon. People can fund payments through the balance on their Apple Pay Cash card or a payment choice within Apple Pay. Apple says if no payment has been configured, people can still receive money once the virtual card is activated.
When users get paid, the money they receive is added to their new Apple Pay Cash card that lives in the Wallet app. They can use the money instantly1 to pay someone or make purchases using Apple Pay in stores, apps and on the web. They can also choose to transfer it from Apple Pay Cash to their bank account.