How Apple,pay will threaten the old overlord PayPal

Can the new iphone change the world again? On September 15, Apple's new payment system is expected to change the way people shop in stores and apps, and poses a big threat to PayPal, the largest online payment network, according to U.S. media reports. In addition to allowing people to pay in stores, Apple,pay also allows IPhone6 and iphone,6,plus users to use credit cards for shopping in participating applications. In the long run, Apple,pay's success will damage PayPal's interests, for the following reasons: 1, Apple announced the first batch of "highly recommended" payment partners list, including Stripe and first,data can deal with Apple,pay applications to buy 6 companies. But PayPal new mobile application payment processing department Braintree not included. Braintree recently announced that it will help integrate applications running on its platform with Apple,pay. The result of this integration is that applications that use Braintree payments can also use them to handle apple,pay, which means consumers will see both the Apple,pay and the PayPal buttons. PayPal (via Braintree) will gain benefits regardless of the way the consumer pays, but when the consumer clicks on the Apple,pay button, it usually returns without clicking on the other button. 2, PayPal Braintree has allowed users to send money to the consumer application can. Customers with can or PayPal applications can use PayPal's "One-touch" payment system for payment within the application. But you need to register can or PayPal and download one of the apps. And Apple,pay does not need to register and download. 3, in Mobile application payment, PayPal is now competing with Apple and Google. PayPal has a traditional advantage, but Apple and Google have a bigger impact on consumers. If Apple and Google's payments are growing, PayPal is bound to get hurt. PayPal and Braintree their buttons as a convenient way for developers to use their systems, but in the Application Payment field, the system loses its unique status as Apple,pay enters. 4, in the consumer will bank account with PayPal directly bundled, PayPal usually make more. PayPal's Braintree Department says it will also deal with Apple,pay purchases if the business requires it. While this can also get some processing or related payments, they make less profit because Apple,pay only bundle personal credit cards or card, rather than bank accounts. As for E-commerce, Apple,pay has an impact on PayPal, which pays attention to application payments, and if Apple,pay expands to mobile networks, things can get worse.