APPLE ADDS RECEIPT-SCANNING BILL SPLITTER TO IPHONE

The feature will allow users to capture receipt images and distribute costs across multiple people, streamlining payment logistics for group dinners and shared expenses. Apple will process the receipt data to calculate individual amounts owed. The move positions Apple to compete with third-party bill-splitting apps like Venmo and Splitwise, which currently dominate the space. It reflects Apple's broader strategy of integrating financial tools directly into iOS, alongside existing services like Apple Pay and Apple Card. The company has not announced a launch date or detailed specifications. The tool will likely integrate with Apple's existing payment infrastructure, potentially enabling direct transfers between users or linking to banking apps. Apple's expansion into financial services continues to blur lines between the tech giant's core business and traditional fintech offerings. The feature represents another step in Apple's effort to establish the iPhone as a hub for managing daily transactions.