A new app that offers support for Apple Pay on cash app will launch soon.
Cash app manager Tarek Sareen, whose company helps developers create mobile cash apps, announced the Cash app for Apple Watch, a digital wallet service.
Tarey Sareem, a cofounder of Tarex, which offers a cash payment app called Taree, said the app will allow users to make and receive cash payments.
He said he wants the app to help cash users avoid fraud, improve their mobile experience, and help them make money on their phones.
“We’re building an app that will be used to make mobile payments and make cash payments and to buy goods and services,” he said.
“The way that people will pay will be different.
They will be able to pay with a credit card, they will be capable of paying with a bank account, or they can do it with a card that they hold on their phone.
So, that will allow them to be more secure.”
Sareen said the service will be free to download and available for Apple Watches running iOS 10.1 or later.
The app will be built by a third-party company called Taresafe, but Sareeny has said the developer is “ready to make money from the app” if it’s successful.
Taresafe has developed a cash app for the iPhone called Tariq, and it allows users to use their phones as a digital payment terminal, Sarey said.
Apple Pay is one of the most popular payment options for cash transactions in the United States, accounting for more than half of all credit card transactions in March.
Apple has launched a payment app for its iPhone and iPad, which can be used as a mobile wallet or a cashier app.
The service allows users in many countries to pay in cash by simply handing over a receipt.
Taree said its cash app supports Apple Pay for iOS 11.0, but the app for Android is currently in beta and requires developers to include a QR code to unlock the payment feature.
The new Cash app will offer an alternative payment option.
Taresafe has been working with Apple on a cash-based mobile wallet service for years.
Sareeni said Tareesafe will help developers build the Tare Cash app to make a digital cash service that will work on phones running Apple Watch.