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I heard the same things from Nokia, Microsofts Steve Ballmer, Pebble's CEO and plenty of tablet manufacturers.

Gee where's Palm or Blackberry these days? - Once Apple enters your market, you better be innovating or you're gonna lose your market to them.
 
I heard the same things from Nokia, Microsofts Steve Ballmer, Pebble's CEO and plenty of tablet manufacturers.

Gee where's Palm or Blackberry these days? - Once Apple enters your market, you better be innovating or you're gonna lose your market to them.
Apple will have to go cross platform to fully compete in the market.
Since Apple's P2P system requires iMessage, it's a non-starter for anyone not using an Apple device.
I don't see them opening up iMessage to Android or Windows anytime soon.
 
Apple will have to go cross platform to fully compete in the market.
Since Apple's P2P system requires iMessage, it's a non-starter for anyone not using an Apple device.
I don't see them opening up iMessage to Android or Windows anytime soon.

Whilst you're not wrong, look at Pebble. People said the same things, you need an iPhone to own an Apple Watch so there will be plenty of people able to buy and use a Pebble who can't get an Apple Watch.

And yet here we are with the Apple Watch being the number one wearable and the Pebble being well purchased by I think fitbit? and nothing happening with it.
 
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Apple is adding what will likely be an easier and more secure P2P payment system for their existing and future customers. They have no incentive to open iMessage, FaceTime, or P2P payments to competitors platforms. They don’t need to in order for P2P to be successful.
 
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I’ve transferred thousands of $ with Venmo, every single one to an iPhone user. Guess where all that business will be going.

The real advantage that Apple has here is that I can turn around and use that money with Apple Pay, instead of transferring it back to my account. I will definitely use this over Venmo when possible, but there may still be occasions that I use Venmo for Android users.

This will definitely cut into Venmo’s usage.
 
I think he's exactly right. If you already have Venmo, why use this? You have no friends that have Android devices? This will be good for people that don't already have Venmo or one of the many other solutions. For those that already do, I see no reason to switch to an Apple-only payments solution.
 
Apple is offering this as an alternative between ios users...not to compete with others
My god, everybody feels threaten by Apple and need to come up and say some words

Exactly my thoughts. Apple is introducing this as another way to pay easily. This is something I will use since it’s built in and most of my friends to have iPhones. I also don’t use venmo or any other app like it because I prefer not to. However I do feel that there is a larger plan to this Apple has not announced and probably will expand the features to all phones in the future. Didn’t Apple say something about inviting people to messages?
 
I use Venmo several times a month. This may not kill their business, but it will surely cut into it because I'll switch to Apple Pay for every opportunity I can in order to get as far away from eBay and PayPal as possible.
 
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Unfortunately 1 billion iOS devices sold does not equal 1 billion active Apple Pay users.

Of course not, but hundreds of millions of potential users and what you apparently aren't aware of is that usage has been soaring. In 2016 over 12 million monthly users, which had tripled by first quarter of this year and is predicted to hit 86 million users by end of 2017. That's a huge user base, not "relatively small."
 
For reasons that have nothing to do with Apple, PayPal is correct in my case. You can't lose business that you never had.
 
Ries said:
Apple Pay doesn't even work in my country. We have a nation wide P2P app that also works with android and costs nothing to use, Apple wouldn't have a chance here.




Sure it would. First of all Apple Pay won't cost anything other than the usual charge if you are going to "charge" it against a credit card. But more importantly, People around the world are waking up to the dangers of having Google gather all of your personal information into one database via your "universal identifying number," where they link all of your data, e.g., a copy of every email ever sent or received, what you buy, what you post, all your photos, where you drive, your friends, your family, every web search, etc. Folks are saying, "no more" in increasing numbers to Google and Facebook. Frightening for these giant corporations to own (yes, read your terms of services folks, e.g., when you use Google photos, you in essence give them a perpetual world wide license to use them) all of your personal information. That dossier on you is also available to governments, law enforcement, hackers, criminals, and of course, your intel agencies.

Thankfully, Apple is offering a way out to Android users who are switching in record numbers.
 
Of course not, but hundreds of millions of potential users and what you apparently aren't aware of is that usage has been soaring. In 2016 over 12 million monthly users, which had tripled by first quarter of this year and is predicted to hit 86 million users by end of 2017. That's a huge user base, not "relatively small."

Relative to your local bank, sure, that's huge.
 
truthertech said:
Of course not, but hundreds of millions of potential users and what you apparently aren't aware of is that usage has been soaring. In 2016 over 12 million monthly users, which had tripled by first quarter of this year and is predicted to hit 86 million users by end of 2017. That's a huge user base, not "relatively small."

Relative to your local bank, sure, that's huge.

Ok, got to go, so here's the last of the class for today. Paypal has been around for 20 yrs, is in 200 countries and has around 200 million users worldwide. Apple Pay just started in 2013, is in only about a dozen countries so far and is already predicted to have 86 million users this year. Now you understand why PayPal's CEO is whistling past the graveyard.
 
I use Venmo several times a month. This may not kill their business, but it will surely cut into it because I'll switch to Apple Pay for every opportunity I can in order to get as far away from eBay and PayPal as possible.

THIS is the argument. It's not about if people can work on multiple platforms, etc. It's whether or not people want to work with eBay and PayPal. People aren't running to cut the cord and escape the cable company because people LIKE Comcast, even though they offer certain "value" (read: excess junk channels) that others don't in the same bundles.

That's why despite it being less simple, millions of people are more than willing to walk away from them and subscribe to Hulu, Netflix, HBO, etc. separately and end up in a similar place price wise.
 
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Unfortunately 1 billion iOS devices sold does not equal 1 billion active Apple Pay users.

It is not one billion iOS devices sold, it is one billion iOS devices in active monthly use. But that does not mean 1 billion iOS users as many folks have more than one iOS device.

Further I'd guess less than 10% have of all iOS users use Apple Pay. But in any case it isn't just the size of the user base, it is how much cash and spending that user base controls. A family that puts $100,000 a year on their credit cards is a much better customer than someone spending $10 per day.
 
It is not one billion iOS devices sold, it is one billion iOS devices in active monthly use. But that does not mean 1 billion iOS users as many folks have more than one iOS device.

Further I'd guess less than 10% have of all iOS users use Apple Pay. But in any case it isn't just the size of the user base, it is how much cash and spending that user base controls. A family that puts $100,000 a year on their credit cards is a much better customer than someone spending $10 per day.


Don't need to guess so much. Last year Apple reported 12 million monthly users. It is growing exponentially and in the first quarter of this year hit around 36 million and is predicted to hit 86 million by end of this year, and that's with just a dozen or so countries on board. Merchant growth is also very strong with millions now on board and prediction of 50 to 65 percent by end of this year. Apple hasn't advertised heavily as they needed to get merchant and bank participation to a certain level to make it worthwhile. Somewhat of a chicken or egg problem, but you don't want to incentivize consumers to try it and get frustrated with little participation by banks or merchants.
 
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