First launched on 20th October 2014, Apple Pay is a mobile payments service from Apple which is currently available in the United States and United Kingdom.
With its aim to replace the wallet, Apple Pay allows you to make payments in stores supporting NFC (Near Field Communication) technology, allowing you to buy good and services using your credit or debit cards.
In addition to NFC terminal payments, you can use Apple Pay in the App Store or other third party apps that support this service when making purchases.
Today, according to the report published on The Wall Street Journal, that Apple is currently in talks with banks such as JPMorgan Chase & Co., Capital One Financial Corp, and US Bancorp to bring peer-to-peer payments to Apple Pay.
With this feature, Apple Pay will allow you to easily send money to your friends and family from your smartphone. Though, no fixed release date has been announced, but according to the report, possible launch could be in 2016.
Additionally, there is no update yet on when would Apple Pay will come to India. Though, as reported earlier, Apple officials are currently in talks with the government regarding the possibility of opening Apple stores in India and with Apple Watch launch in India, the company is eager to bring its services to Indian users, and its payments service lunch might not be far enough.