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surely having a large market share Having a large market share of what, the smartphone market? It's the users of the peer-to-peer payment service/application t
by roymurdock 11y ago
surely having a large market share
Having a large market share of what, the smartphone market? It's the users of the peer-to-peer payment service/application that they need, and they have 0 of those right now.
Venmo already has millions of those users (many of whom who use iPhones) due to a good UX/UI and seamless integration with all major banks/card providers. So what value does apple bring to the table if my network is already set up on Venmo?
- matthewmacleod 11y agoHaving a large market share of what, the smartphone market? It's the users of the peer-to-peer payment service/application that they need, and they have 0 of those right now. I think having a large smartphone platform to which you can roll out new features is really useful! There are what – maybe 4-5 million active Apple Pay users? That's a decent chunk of in-built market for the service, assuming it's seamlessly available to them all. Obviously P2P Apple Pay doesn't offer you much benefit if you've already got a working solution to the problem.
- roymurdock 11y agoIt is definitely a benefit, but it's a far cry from guaranteed success. I have a trash folder full of 10 or so Apple pre-installed apps and I'm sure many others do as well. Apple P2P Pay will most likely be another one of those for me, which is why I see it as a catch-up play and one they will have to force on the market.