The arrival of Apple Pay means the mobile payments war will now seriously heat up.
The heft of Apple Inc. (Nasdaq: AAPL) and the fact that it was able to bring so many major players on board, from the big banks to the credit card companies, has put a spotlight on mobile payments.
For investors, spotting the winners in the mobile payments war is a path to profits.
Apple is an obvious winner, but opportunities abound for many others as well...
The arrival of Apple Pay means the mobile payments war will now seriously heat up.
The heft of Apple Inc. (Nasdaq: AAPL) and the fact that it was able to bring so many major players on board, from the big banks to the credit card companies, has put a spotlight on mobile payments.
For investors, spotting the winners in the mobile payments war is a path to profits.
Apple is an obvious winner, but opportunities abound for many others as well...
The Apple Inc. (Nasdaq: AAPL) launch of Apple Pay last week has already achieved more than any mobile payments system before it.
Apple Pay has people taking mobile payments seriously. But Apple Pay won't be alone.
This is the start of a great mobile payments war. The combatants will include credit card companies, big tech companies, and major retail chains.
But while it's early, we can size up the winners and losers now...
With so much money at stake, it's no wonder Google (Nasdaq: GOOG) and Apple (Nasdaq: AAPL) are engaging in a huge battle over which company's e-wallet platform consumers will choose to make purchases.
We could wait on the sidelines to see which e-wallet consumers prefer. But that's not our style.
On Tuesday at its gala event, Apple (Nasdaq: AAPL) unveiled its mobile payment device, the "Apple Pay." It will compete with Amazon (Nasdaq: AMZN), which just launched its own swipe-to-pay device, the "Amazon Local Register," in August, and current market leader Square.
Here's a side-by-side comparison of how Local Register, Pay, and Square stack up...
