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PayPal and Apple enter major partnership (PYPL, AAPL)
PayPal and Apple have partnered to give users the ability to use PayPal as a payment method when paying for Apple’s services
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PayPal and Apple havepartneredto give users the ability to use PayPal as a payment method when paying for Apple’s services, which includes the App Store, Apple Music, and iTunes, to name a few.
The feature will be introduced in 12 markets, including the US and the UK, and it will be integrated with several devices across Apple’s ecosystem, including the iPhone, iPod, Apple TV, and Apple Watch.
For PayPal, this has short-term and long-term implications:
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- The immediate impact for PayPal is getting access to a massive revenue stream.
- In the long run, PayPal’s partnership with Apple could give the firm an opportunity to integrate itself into Apple's future services.
BI Intelligence, Business Insider's premium research service, has compiled a detailed report on payments disruption that:
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