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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