Apple Plans iPhone Bill Splitting as PayPal, Block Pare Gains — TradingView News
Apple Plans iPhone Bill Splitting as PayPal, Block Pare Gains — TradingView News
Publish Date: 2026-06-02 11:52:00
Source Domain: www.tradingview.com
Apple AAPL is preparing a new iPhone bill-splitting service that could turn another everyday money habit into part of the Apple ecosystem. The feature would let users photograph a receipt, assign items to different people, calculate each person’s share including tax and tip, and send payment requests through Wallet or Messages. Apple could announce the service as early as next week at its Worldwide Developers Conference and include it in iOS 27, according to people familiar with the plan.
The news put fresh attention on peer-to-peer payment rivals. PayPal 
PYPL, the company behind Venmo, was up 1.4% as of 2:08 p.m. in New York, while Block, owner of Cash App, rose 1.7%, with both paring gains after the report. Apple fell 1.4% to $307.66. The service would be tied to Apple Cash and could also let users approve payments from an Apple Watch.
For investors, the larger story is Apple’s steady push to make the iPhone a financial hub, not just a device. Since launching Apple Pay in 2014, Apple has added Apple Card, a Goldman Sachs-backed savings account, tap-to-pay tools for businesses, and peer-to-peer payment features. But the path has not been frictionless, with the Apple Card partnership weighing on Goldman Sachs’ results, Goldman working to offload the business to JPMorgan Chase, and Apple discontinuing a buy-now-pay-later-style service about a year after launch.
