Apple Pay Cash now active in iOS 11.2, watchOS 4.2 betas

The second public betas of iOS 11.2 and watchOS 4.2 have brought about Apple’s new iMessage-based peer-to-peer payments system.

Apple Pay Cash is now available as a Messages app. Users can use credit and debit cards in their existing Apple Pay wallet to send money along — debit transfers are free while credit-based transfers will likely get tagged with a low, single-digit percentage tariff. A proxy Apple Pay Cash card will store the balance. That card can be used to pay friends or any merchant that accepts Apple Pay. The balance can be transferred back to the bank, though typical processing times apply.

In Messages, any person can text a dollar amount and a prompt can appear to initiate Apple Pay Cash. First-time users will have to agree to terms of use. Beyond that, Face ID, Touch ID or passcode entry is used to verify every transaction. Apple has acquired floating credit through Green Dot to ensure that any money sent through the medium can be used instantly.

Users can sign up for the public beta programs for iOS and watchOS here.

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Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.