Reported 8 months ago
During WWDC 2024, Apple unveiled the new Tap to Cash payment feature and expanded its Apple Pay online payment service, posing a greater challenge to PayPal, according to KeyBanc analyst Markgraff. The new Tap to Cash function allows U.S. iPhone users to send and receive Apple Cash using two handheld devices. The update also enables Apple Pay to be used on desktop browsers such as Firefox, Chrome, and Edge. These enhancements in the wallet features allow iOS 18 users to access financing options for installment payments and view rewards or point balances in the 'Wallet' app. The analyst also mentioned potential impacts on competitors like PayPal in terms of installment payments, positive effects on Marqeta, and a closely related product launch to Visa's recent announcements.
Source: YAHOO