Is apple pay a banking app

I was having a discussion with a friend and I wanted to know if apple pay can be considered a banking app.

Posted on Dec 10, 2019 5:52 PM

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Posted on Dec 10, 2019 5:54 PM

That’s a gray area. Apple Pay itself is just another way to present a credit card or debit card, so from that perspective it isn’t a banking app. If you set up Apple Cash in Apple Pay, however, that is a banking function, and in fact it is backed by a real bank.

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Is apple pay a banking app

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