Apple has soft-launched Apple Pay Cash, a new peer-to-peer payment service similar to Venmo and Square Cash, by making it available for testers on the new iOS 11.2 public beta. The move suggests the upcoming launch of iOS 11.2 will include the new service.
Apple Pay Cash is integrated into the Messages app, meaning you can send and receive money as you would a text message.
Unlike other P2P payment services, no additional downloads are necessary once you’ve updated to the new iOS 11.2 public beta operating system. Apple Pay Cash is available only in the United States.