Fintech Nexus E-newsletter (June 11, 2024): Apple introduces Faucet to Money for iPhone to iPhone funds


Yesterday, Apple held its annual Worldwide Builders Convention (WWDC), throughout which it made a number of attention-grabbing bulletins.

Probably the most related to fintech is the brand new “Faucet to Money” function that shall be constructed into iOS18. Because it sounds, it will permit customers to ship and obtain Apple Money just by holding two iPhones collectively.

There have been additionally extra updates to Apple Pockets, together with the power to redeem rewards and handle installments via playing cards loaded into the pockets.

In fact, yesterday’s large announcement was about Apple Intelligence, a brand new suite of AI merchandise that shall be built-in straight into Siri.

Simon Taylor muses about what may occur if we mix Faucet to Money, Apple Intelligence and open banking.

Fintech is about to get extra attention-grabbing…


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  • Peter RentonPeter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media firm centered on fintech. Peter has been writing about fintech since 2010 and he’s the creator and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview sequence.



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