The service can be used to send or receive a minimum of US$1 and a maximum of US$2,000 per transaction, Apple says. There is also a rolling seven-day maximum transfer limit of US$2,000. If you’re using Tap to Cash and you need to send more than the $2,000 limit, you can send money using Messages, which has a $10,000 limit.
Apple Watch and iPhone users in the US can now use Apple’s Tap to Cash peer-to-peer money transfer service to transfer money to each other via NFC.
The ability to use NFC to add a payment card to Apple Wallet is also being rolled out via a new Tap to Provision service.
Announced in June, Tap to Cash has gone live with the rollout of iOS 18 and watchOS 11 on 16 September.
“With Tap to Cash, users are able to send and receive Apple Cash by holding two iPhone devices together — without having to share phone numbers,” Apple said at launch. “For example, Tap to Cash can be used to pay someone back at dinner or buy something at a garage sale.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
