The Kids Aren’t Into PayPal as Apple Rules Mobile-Pay Buzz: Tech
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Mobile payments are having a heyday. Apple Pay has been splashed across the news and 20-somethings are paying for taxis with their smartphones. Yet one stalwart risks being left out of the conversation: PayPal.
The key to mobile payments is ease of use -- wave a smartphone or tap a button to transfer funds. No need to hit the ATM for cash or write a check and wait for it to be deposited. The less the customer has to think about it, the better, which is why companies like Stripe Inc., and potentially Apple Inc.’s new technology to pay with the swipe of a smartphone, are taking off.