PayPal Is the Clear Winner in Newly Expanded Apple Partnership

Earlier this week, PayPal (NASDAQ: PYPL) announced that it had expanded its existing partnership with Apple (NASDAQ: AAPL), with the payment processor integrating across Apple's growing services business in 11 new markets (PayPal was already available as a payment option for U.S. users). Users in those additional markets -- the U.K., Canada, Mexico, Australia, Austria, France, Germany, Israel, Italy, the Netherlands, and Spain -- can now select PayPal as their primary payment method across iTunes, the App Store, and iBooks, paying for virtually every category of digital content that Apple offers in its various storefronts, even including subscriptions like Apple Music or iCloud storage.

The deal appears one-sided, with PayPal being the clear winner. As such, it's no surprise that PayPal shares jumped to all-time highs in response to the news.

Apple Pay on the Web. Image source: Apple.

Source: Fool.com