Apple has been cracking down on cash machines in its stores, as well as allowing customers to withdraw money using credit cards and debit cards.
Read moreApple has confirmed that cash machines will be banned in the US, Australia and New Zealand starting August 11, the Financial Times reports.
The company is also phasing out cash machines from select Apple Stores in select European cities, including Amsterdam, London, Barcelona, Madrid, Paris, Rome, and Stockholm, the paper adds.
Apple has also announced that the company is reducing the number of cash machines it has in its UK stores to 20 per cent from 30 per cent.
The company has also said it will ban cash transactions from certain banks in the UK and the European Union, but has not specified which banks have been banned.
Cash machines have been a staple in Apple’s stores since the company launched the iPhone in 2007.
In 2017, the company rolled out a new feature called Cashless that allowed customers to pay for products using a credit or debit card.
Apple is also testing new technologies that let users tap a credit card number instead of their Apple ID number to pay with a credit/debit card, according to the Financial Observer.
The cashless payment system has been in use in the U.S. since October 2015, when Apple implemented a pilot program that allowed people to pay using a debit card or credit card using the iPhone 6S.
The feature was extended to other models in 2017.
Apple also announced a new iPhone 6s feature called Pay with a Gift that allows customers to get a gift card for free.
Apple’s cashless payments feature has also been expanded to its iPhone 6 Plus, iPad Air 2, iPad Mini 3, and iPad mini 4, the FT reports.
Apple Cash has been rolled out to customers in Canada and the U, Australia, South Africa, New Zealand, Singapore, Hong Kong, and Hong Kong.
Apple has also launched an Apple Pay service for iPhone, iPad, and Apple Watch.