Apple Pay has been gaining market share at PayPal's expense. In 2022, Apple Pay processed $90 billion in transactions, while PayPal processed $275 billion. This trend is likely to continue in the future, as more and more people adopt Apple devices and use Apple Pay.
PayPal is aware of the threat posed by Apple Pay, and it has been taking steps to counter it. For example, PayPal has partnered with Mastercard to offer a contactless payment solution that works with both Apple Pay and Android Pay. PayPal has also been investing in new technologies, such as blockchain, that could help it compete with Apple Pay in the future.
However, it remains to be seen whether PayPal will be able to successfully defend its market share against Apple Pay. Apple has a significant advantage in terms of brand recognition and customer loyalty, and it is likely to continue to invest heavily in Apple Pay. As a result, Apple Pay is likely to remain a major threat to PayPal for the foreseeable future.
Conclusion: while in short term PYPL can climb back to 100, in longterm it faces big challenges.
PayPal is aware of the threat posed by Apple Pay, and it has been taking steps to counter it. For example, PayPal has partnered with Mastercard to offer a contactless payment solution that works with both Apple Pay and Android Pay. PayPal has also been investing in new technologies, such as blockchain, that could help it compete with Apple Pay in the future.
However, it remains to be seen whether PayPal will be able to successfully defend its market share against Apple Pay. Apple has a significant advantage in terms of brand recognition and customer loyalty, and it is likely to continue to invest heavily in Apple Pay. As a result, Apple Pay is likely to remain a major threat to PayPal for the foreseeable future.
Conclusion: while in short term PYPL can climb back to 100, in longterm it faces big challenges.