“Apple’s new payment system hopes to change the way people make purchases both in stores and in apps, and that could become a big problem for the Web’s biggest digital payment network, PayPal,” Jason Del Rey reports for Re/code.
“In addition to allowing people to pay in stores, Apple Pay will also let owners of the newest iPhones [and Apple Watch] buy things within participating apps by using the credit or debit card they have on file with iTunes or the App Store,” Del Rey reports. “This means they don’t have to go through the annoying process of typing in payment information on small screens.”
“When it comes to e-commerce, Apple Pay can have an impact on PayPal just focusing on app payments as it is now,” Del Rey reports. “If it extends Apple Pay into the mobile Web, things could get even worse [for PayPal].”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]
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