Exploring the Potential of Apple Creating its Own Payment Network

Apple could potentially collaborate with payment processors to add its network to the core processors. This could allow high schoolers to use Apple Cash as their peer-to-peer wallet and could become a natural next step for others. There is a possibility for Apple to run its own network parallel to Visa, which might lead to Visa incentivizing merchants to stick with their network. Additionally, the abstraction layer above all cards when paying with the phone makes it easier for users to optimize rewards. Some startups are already offering to reroute transactions to the best card for the user.