Small Group Meeting Q&A (8)
Small Group Meeting Q&A (8). Written on August 26, 2018. Question eight: Are Apple Pay, Square, and PayPal competing with one another? These three mobile payment businesses are completely different.
Small Group Meeting Q&A (8). Written on August 26, 2018
Question eight: Are Apple Pay, SQ, and PayPal competing with one another?
Answer:
These three mobile payment businesses are completely different, and they are not competing with one another.
Apple Pay is a method of mobile payment.
https://www.apple.com/apple-pay/
SQ mainly focuses on checkout systems and business financial services for small physical stores. If you scroll down on its website and look at SOFTWARE PRODUCTS, you can see how broad SQ's service businesses are.
[https://squareup.com/](https://l.facebook.com/l.php?
u=https%3A%2F%2Fsquareup.com%2F%3Ffbclid%3DIwZXh0bgNhZW0CMTAAYnJpZBExRG95c2h4dWp2TjR4c0hCbHNydGMGYXBwX2lkEDIyMjAzOTE3ODgyMDA4OTIAAR6rcIk4BJaipKjpFNKxLV0rpAnSzfRfEokxVhe3c3yA8a93nrub4kwc22AwAg_aem_DZ-vEtzpa_KiQXAjw6FcnA&h=AT3mSTZtgdcrj2cnzBlbVdhziQ2K3JKaDrC4XvOf7xea7x8pA1GsF48C-DWcuPmmgWMpksFO6-SNoCL68tzVgmPFYRAYC0zQA8AkgUQr1UCY1hM2HywX4XxG--EHPiSOLsK4kmM7GOkcA33Z&tn=-UK-R&c%5b0%5d=AT0xTe7WUAZKCQVoNXL163dNgfGYUmIjC7akifROCUlsSH23JoIo_vuDZ-OsYjbf4fm33B2rR1vn2ggy4V8iEvX_sY9-oobIJ6o9O1rz2xCinaXgqO9tztCLvTs1B71SuoE8cUVyMsqzYY-W1GhrBXiGY2DQxwwSnO_OxhNNmUyCR7I6ov59sb1RpJicNew)
PayPal began as an online payment system: ordinary online stores can accept credit cards and PayPal. In the past, ordinary individuals used PayPal for online payments to protect their privacy.
https://www.paypal.com/us/home
In the future, these mobile payment systems could all become banks, including many banking businesses such as investment banking, securities brokerage, lending, annuities, and insurance. From now into the future, their businesses can expand and scale without limit. So these mobile payment companies all have unlimited future business potential.
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