Apple reportedly is seeking to reignite the idea of launching its own mobile person-to-person payment service that would compete with  as Venmo, Square Cash and Zelle, according to a report from Recode. 

Apple could launch the service later this year, but Recode cited a source that said a definitive launch date isn't set. 

The service would enable iPhone users to transfer funds to each other. This isn't the first time Apple has flirted with such an idea. Prior Apple patents have described a mobile P2P system that relies on iMessage.

Recode also reported that Apple has had discussions with Visa about "creating its own prepaid cards that would run on the Visa debit network and which would be tied to the new peer-to-peer service," according to the report.