Apple is apparently in talks with a number of banks about launching a new person to person mobile payment service.
The new payment service could possibly be integrated into Apple Pay or it may launch as a stand alone service.
At the moment Apple Pay lets you make purchases from retailer and online, the new service would allow you to use your Apple device to send payments direct to your friends, so it would make sense for Apple to add this into Apple Pay as they already have the payment infrastructure in place.
According to a report from the Wall Street Journal, Apple have been in talks with a number of banks including JP Morgan Chase & Co, Wells Fargo and more regarding this new person to person payment system.
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