Apple has been crowned the highest-rated mobile peer-to-peer payments service according to Consumer Reports who shared that Apple’s service scored “significantly higher” than competitors such as Venmo, Square Cash, Facebook Messenger and Zelle.
Despite the limited availability of the service, plus the requirement to use an Apple device, Apple Pay Cash has been given the score of 76 points compared to Square Cash who scored 64, and Zelle who scored 50.
Within the review, Consumer Reports pointed out how Apple’s stronger privacy and security measures helped the company win the title of highest-rated mobile peer-to-peer payments service, noting how Apple states in the terms and conditions that it doesn’t sell users’ personal information to third parties.
Apple Pay was the only service that got top marks from CR for data privacy, because its policies state that it limits the information it collects and shares on users and their transactions. It doesn’t store credit card or debit card numbers, and it states in the terms and conditions that it doesn’t sell users’ personal information to third parties, CR found.
Apple Pay Cash arrived within iOS 11.2 in 2017, exclusively for customers in the United States. Although Apple Pay itself has expanded dramatically since then, no mention of an expansion of the peer-to-peer payments service has been made by Apple.