NFC TIMES Exclusive Insight – A key part of Apple’s new Apple Pay Cash peer-to-peer payments service is its digital prepaid debit card–which can be used for in-store NFC purchases and other transactions–a first for the tech giant.
Other P2P services, including Square Cash, Venmo and PayPal, have rolled out or are testing their own cards to enable users to spend their balances, but the cards are not considered a major factor in the success of these services. Will Apple Pay Cash be different?
The Apple Pay Cash card uses the Discover Network acceptance footprint, so it can be tapped in stores in the U.S. at pretty much all locations that Visa payWave and Mastercard Contactless are accepted in the U.S., but international acceptance will be extremely limited abroad for U.S.-based users.