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In addition to this, it would be highly likely that a raft of other criminal offences were being committed,  such as:  Mis-Coding, money laundering and processing for PEPs or Sanctions listed individuals, countries or merchants

Paypal?

Facebook (Meta-Who?)

Spotify?

Bit of a storm in a social teacup when it comes to stock prices today! 

None of the incumbent payment companies engaged in this initiative?  Ohhh Kaaay!!.......  Well done G42.... This Abu Dhabi  based AI/Cloud computing and DC company did make it into the mix!

This sounds like a great initiative for financial inclusion - not just for the charity aspect - but more about the Hand-Up! It will be interesting to understand the underlying technology - hopefully low cost and easy to access

Tapping a card on a device isnt thath complex,  but also its not that secure.....  If i was a small merchant i would feel much more relaxed accepting an apple or android payment rather than a card - also card limits are lower than @Pays -  See COTS and CPoC specs on this 

It does open things up!!!  - Any  two trusted Applepay customers with a strong profile and 2FA could be facilitated to perform a card to card (or Cardholder Card to Merchant Card) transaction - with or without the 2FA - if both are Biometrically validated its a pretty secure transaction!

Dont believe they have this, but may do in the forseeable future -based on their issuing behaviour this would be delivered in partnership with localised acquiring bank. Acquiring is a bit more complex than issuing and much riskier as you know! 

Credit  card has its perks

It would not be rocket science to pull in tame acquirers for this and replicate The Issuing/Wallet side Applepay  with an acquiring Appletake or Applesell approach....  Settlement wouldnt be an issue as Apple can either Card accounts or Debit card/bank accounts, as most Apple phone users are also subscribing for services 

Anyone got any ideas as to how the commercial model for this works - Has to be cheaper than cards and will come with refund and dispute handling capabilities.