Apple now testing its new feature, which is Apple Pay Cash internally. Apple thinking to launch this new feature in iOS version 11.1.
Apple Pay Cash is competing with Venmo and Square Cash, Apply said they will integrate Apply Pay Cash with iMessage which will allow users to send and receive money with no cost. But if you will use your credit card it will cost you 3 percent processing fee.
Users can use money to transfer to their bank account or can use on Apple online store for purchase.