Apple will add a 3% fee if you use a credit card to send money. It's become a must-have app for millennials, and as we can see in this chart from Statista, the amount of money sent through it has soared since 2015. Users can withdraw the money to the bank account, and use it to send it to other people.
This adoption of iOS 11 has been slower than that of iOS 10, according to Apple's official App Store statistics iOS 10 was adopted much quicker after its release with 54% of users downloading the update.
Users can also view their transaction history, including person to person payments as well as purchases they've made in stores, apps and on the web with Apple Pay Cash, right in Wallet. When new users receive money for the first time, it's simply added to their new Apple Pay Cash card once they accept the terms. A balance can also be used to pay for transactions inside a store or online using Apple Pay.
Since the launch of Apple Pay in the United States, the payment service has been expanded to Canada, France, Russia, Switzerland, the United Kingdom, Australia, Mainland China, Hong Kong, Italy, New Zealand, Singapore, Japan, Spain, Ireland, and Taiwan.