Jun. 3 at 2:16 AM
Apple is reportedly preparing a new iPhone feature that will let users split restaurant bills and other shared expenses directly through the Wallet app and Messages. Expected to be unveiled at WWDC and included in iOS 27, the tool will allow users to scan a receipt, assign items to different people, calculate taxes and tips, and send payment requests through Apple Cash. Payments can also be approved using an Apple Watch.
The move expands Apple’s financial-services ecosystem and could increase competition for bill-splitting and peer-to-peer payment apps such as Venmo, Cash App, Splitwise, Tab, and Settle Up. Following reports of the feature, shares of PayPal and Block trimmed gains as investors weighed the potential competitive impact.
The service is part of Apple’s broader push into consumer finance, which already includes Apple Pay, Apple Card, savings accounts, and contactless payment tools.
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