Apple Pay Cash, the long-awaited money transferring service from the Apple is finally here for the iPhone users. The newly added feature lets the users directly send money to the other iPhone user via iMessage. The service was announced to be launched in September alongside iOS 11 by the company at WWDC 2017. Then, Apple Pay Cash got delayed and intended to deliver the update iOS 11.2. However, the recent rebooting issue in the iPhones forced the Apple to release the update in rush without the Apple Pay Cash, last Saturday.
After so much of wait, Apple finally gifted its users its own money transferring service for seamless money transactions. However, the Apple Pay Cash is available only to the US iPhone users for now and there is no information about the global releases. With the update, you can add the virtual Apple Pay Cash card to your Apple Wallet and transfer the money using iMessage chats. It works on the same concept as payments app PayPal and Venmo to transfer money to family and friends. The features work by withdrawing money from the credit/debit card tied to the Apple Wallet and send it through iMessage. The transferred amount will be received in the Apple Pay Cash of the receipt iPhone from there either it can be transferred to the bank or use to spent anywhere else, where the Apple Pay is acceptable.
The idea behind the Apple Pay Cash is to make the process of the money transfer through the iPhone more convenient by eliminating the need for third-party apps. Suppose you owe a friend some money for the pizza contribution last week, now you don't need to ask for the account details or hit ATM to settle down the debt. With this Apple wants to hold the people across its service and make them use all functionalities under one roof without switching out to any third party app. Apple is using the iOS 11 to add more and more functionality to its services so people don't have to leave the company’s ecosystem.
The Apple Pay Cash feature is available to the iOS 11.2 users, but the company is still rolling it out in pieces if you don't see the update, for now, don't panic out just wait for a while.