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HomeLIFEFintech Nexus Newsletter (June 11, 2024): Apple introduces Tap to Cash for...

Fintech Nexus Newsletter (June 11, 2024): Apple introduces Tap to Cash for iPhone to iPhone payments

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Yesterday, Apple held its annual Worldwide Developers Conference (WWDC), during which it made several interesting announcements.

The most relevant to fintech is the new “Tap to Cash” feature that will be built into iOS18. As it sounds, this will allow users to send and receive Apple Cash simply by holding two iPhones together.

There were also more updates to Apple Wallet, including the ability to redeem rewards and manage installments through cards loaded into the wallet.

Of course, yesterday’s big announcement was about Apple Intelligence, a new suite of AI products that will be integrated directly into Siri. 

Simon Taylor muses about what might happen if we combine Tap to Cash, Apple Intelligence and open banking.

Fintech is about to get more interesting…


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  • Peter RentonPeter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

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