Jan. 19 at 2:28 PM
$PYPL Apple Pay is a wallet layer.
PayPal is financial infrastructure.
Apple Pay makes cards easier to use inside Apple’s ecosystem. PayPal moves money globally, manages risk, enables merchants, powers marketplaces, supports P2P, subscriptions, payouts, cross-border commerce, stablecoin, crypto rails, and increasingly, AI-driven transactions.
This isn’t a zero-sum fight. It’s a stack distinction.
Apple Pay optimizes the last inch of checkout.
PayPal owns the entire flow of money before, during, and after the transaction.
That’s why Apple Pay doesn’t disrupt PayPal’s core business or future ambitions.
Convenience doesn’t replace infrastructure. UX doesn’t replace scale. And a wallet doesn’t replace a global financial platform.
