Apple unveils Pay Cash for P2P payments (Image source: Apple)

Apple unveils Pay Cash for P2P payments (Image source: Apple)

Apple has unveiled Pay Cash as it looks to fight it out with PayPal, Square and Venmo in the overcrowded peer-to-peer (P2P) payments market.

In a range of updates to its mobile operating system, iOS 11, new features to the iPhone and iPad are coming this autumn.

Apple Pay users will be able to make and receive payments in Messages, or tell Siri to pay someone, using the credit and debit cards they already have in Wallet. When users get paid, they receive the money in their new Apple Pay Cash account. They can use the money to send to someone, make purchases using Apple Pay in stores, apps and on the web, or transfer it from Apple Pay Cash to their bank account.

Siri also gets a revamp. Apple reveals there will be new male and female voices, which will adjust intonation, pitch, emphasis and tempo while speaking, and can translate English words and phrases into Chinese, French, German, Italian or Spanish.

Siri offers suggestions based on personal usage of Safari, News, Mail and Messages. For example, as Siri learns topics or places a user is interested in while browsing Safari, they will be suggested when typing in Mail, Messages and other apps.

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