The Wall Street Journal reports on Wednesday that Apple is in talks with banks to bring person-to-person mobile payment service as soon as 2016. Apple's service would be rival to PayPal's Venmo and allow iPhone users to make digital payments to each other with a simple zap.
Author Robin Sidel writes, "The service would likely be linked to the company’s Apple Pay system, which allows customers to make credit-card and debit-card payments with their mobile phones".
It's hard to tell when exactly Apple plans to release the service, or even it it will make it in time for 2016 at this stage. But with digital identification cards becoming legal in some states and Apple Pay getting more popular, owning a wallet may not be completely necessary in the near future.
