PayPal CEO Dan Schulman has dismissed the person-to-person Apple Pay service coming to iOS 11 later this year. He said that it would struggle to compete against PayPal’s own Venmo app …
Schulman made the comments in an interview with the Telegraph.
He also claimed that Apple is at a disadvantage as it is not a payment processor itself, having to work with other companies.
Schulman’s remarks of course fall into the ‘he would say that, wouldn’t he’ category.
The detail of what Apple plans for its own peer-to-peer payment service isn’t yet known. I made a feature request back in March for a bar tab/restaurant bill feature.
