In today’s increasingly digital world, the shift towards digital money platforms is on the rise. Apple, one of the world’s leading tech giants, is at the forefront of digital payments and today there are more Apple Pay features than ever before.
Whether you’ve tapped your iPhone or Apple Watch to make a contactless payment at your local retailer, tapped to pay for your daily train ride to the office or made a quick and seamless online purchase from your mobile device, odds are you’ve already used Apple Pay before.
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Apple recently celebrated the 10th anniversary of its popular Apple Pay feature and highlighted some interesting statistics:
- Apple Pay is used by hundreds of millions of consumers in 78 markets, at checkout on millions of websites and apps, and in tens of millions of stores worldwide.
- Apple Pay is supported by more than 11,000 bank and network partners.
Now, Apple Pay is expanding its features to meet consumer demands and further revolutionize the way we all make digital payments.
Here are two new Apple Pay features in iOS 18 you might not know about, according to a video by personal finance expert Humphrey Yang who spoke with Jennifer Bailey, the Vice President of Apple Pay and Apple Wallet and a recent Apple press release:
Tap To Cash With Apple Cash
Apple users can now take advantage of the new Tap to Cash feature. Users can send and receive Apple Cash by holding two iPhone devices together to send money to each other. With this new feature, you won’t have to share personal information to send or receive money.
“You can actually tap or be near two iPhones together and exchange cash. You don’t have to give someone your email or your phone number and it’s also highly secure,” Bailey explained.
It’s important to note that both you and the person you’re sending money to or receiving money from must have the following to utilize this new feature.
- A compatible device with iOS 18 or later or watchOS 11 or later
- Apple Cash set up on your device
- A Wi-Fi or cellular connection
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Pay With Points
Apple users now have the ability to view and redeem their credit card rewards points using the Pay with Points (depending on your bank). Apple first launched this feature with Discover with more financial institutions expected to participate in the new feature soon.
“Any time you use Apple Pay at any merchant online, you can transfer those Discover Rewards points to essentially dollars and pay right at checkout through the Apple Pay button,” Bailey explained.
To pay with rewards using Apple Pay online and in apps, you’ll need the following.
- An iPhone or iPad with iOS 18 or iPadOS 18 or later
- Apple Pay set up on your device
- A debit or credit card from a participating card issuer in the Apple Wallet app
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This article originally appeared on GOBankingRates.com: Humphrey Yang: 2 Apple Pay Features You Didn’t Know About
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