Is Apple Really the Top Payment App? The numbers tell a different story

An even greater threat to Apple Pay is waiting in the wings in the form of Tez, a QR-code based payment app from Alphabet (NASDAQ: GOOG); the company popularly known as Google. Tez is currently only available in India; where it already has around five million users, aFaqs! reported. That’s chump change compared to India’s largest payment app Paytm which has over five million users. Tez is less than two months old, but its growth rate should scare Tim Cook to death.

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Android Pay Adds International Remittances

WorldRemit might become a major player in the remittance and finance business because it has raised $148 million in venture capital. The next logical step for WorldRemit will be to launch its own digital wallet.

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“Venmo” for Apple Pay is Coming

Apple is trying to clone Venmo for two big reasons. The first is that users of Apple Pay’s biggest competitor; Alphabet’s (NASDAQ: GOOG) Android Pay, can access PayPal accounts through that app. That means it might soon be possible use Venmo to send money via Android Pay.

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JPMorgan Chase: Will It Dominate Digital Wallets?

The monster bank’s real secret weapon could be automatic teller machines (ATMs). News reports indicate that Chase is developing a card-less ATM that is supposed to work with digital wallets like Chase Pay. The advantage to this is obvious: It allows digital wallet users to get cash.

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