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Apple is in discussions with U.S. banks to develop a mobile person-to-person payment service that would compete with PayPal’s popular Venmo platform, according to people familiar with the talks. 
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Curated by Vineet Anand
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As predicted last year, I had suggested the next step for Apple Pay will be to offer P2P payments and seems like Apple is working towards finding a solutions. Venmo has 19% of P2P mobile market today popular with millennials using its vast array of emoticons to pay for bills, rent, and shared expenses.
P2P is on offer with Google Wallet, PayPal, Square $cashtag,
Facebook messenger P2P and recently ClearXchange opened its network for use with use of email address or phone number!
Apple's Wallet strategy to bring loyalty and P2P are part of the experience in an attempting to develop in bringing greater usage of the Apple Wallet. Sending a iMessage with funds, PFM and Bill Payments will follow suit at some stage!
Personal finance management tools and services will add more value to the Apple Wallet with its devout iOS users.