Apple launches P2P payments within iMessage, how banks should respond?

Benefits to consumers are already visible and acceptance is remarkable! P2P transactions are part of our everyday lives, facilitating our day to day micro-transactions!

Even though Apple is the number one provider for contactless payments on mobile devices in the US, with the launch of P2P payments via iMessage is expected to further increase its market share. But Apple needs to overcome the challenge of integration with banks.

Nonetheless within EU, payment marketplace has changed tremendously and even though the barrier still exists, due to PSD2 mandates adoption of P2P transactions will be smother. Consecutively P2P, P2B and Messaging Payments will be seemingly integrated into every aspect of our lives.

Now is the correct time for banks to capitalize this great opportunity! Address customer needs and give customer the option to carry out P2P transactions easily and securely and be “finnovative”.

With Warply Keyboard Payments financial institutions can easily integrate P2P transactions offering customers a seamless experience, without needing to do drastic changes on bank’s payment infrastructure and legacy systems. Warply Keyboard Payments is the solution for launching instant payment services with minimum development and on the top of that without great impact on existing processes.

Banks that have already implemented a PoC with Warply Keyboard Payments are really excited that Apple is on the move, since it validates the market and through Apples reach will educate retail banking customer faster.

Warply Keyboard Payments can be banks "answer"! So before Apple deploys it in your country, be the first to launch it!