Enhanced Spending Tracking Feature Coming to Apple Wallet with iOS 18.4

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Introduction

Apple is set to improve how users manage their finances through a significant update to the Wallet app in the upcoming iOS 18.4. A new feature aimed at making tracking subscriptions and payments more intuitive is among the highlights. Let's dive into the details of what this improvement means for users.

In the beta version of iOS 18.4, unveiled in April, the latest Beta releases have already provided a glance at this exciting development. The Wallet app now includes a section previously known as "Subscriptions & Payments," which has been rebranded to "Preauthorized Payments." This change emphasizes payments that have been pre-approved by users.

In the initial iOS 18.4 beta, the menu was labeled "Subscriptions & Payments" (left), but it has now been updated to "Preauthorized Payments" (right).

Apple appears to recognize that the term "subscriptions" could create confusion, leading to the renaming of this section to "Preauthorized Payments," which clarifies its purpose. However, despite this rebranding, users still find themselves managing recurring payments across separate sections, rather than consolidating them in one accessible area.

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At present, checking your subscriptions is more straightforward through the App Store or via the Settings app on your iPhone. Users can quickly access subscriptions by tapping their Apple Account section at the top and selecting the Subscriptions menu for easy management.

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