Could Apple's Fintech Move Hurt Block and PayPal?
Apple (NASDAQ: AAPL) recently introduced "Tap to Pay on iPhone," a new feature that allows merchants to accept NFC payments on their iPhones without using additional hardware or payment terminals.
Merchants can accept Apple Pay, contactless credit and debit cards, and other digital wallet payments with the service, which will roll out on the iPhone XS and newer devices across the U.S. later this year. Could this move spell trouble for Block (NYSE: SQ) and PayPal Holdings (NASDAQ: PYPL)?
Image source: Apple.
Source Fool.com
