In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
A Walmart press release stated that use of the app increased by 45% during its first week of use. Walmart Pay is a potential cash cow because Ant Financial; the Alibaba Holdings’ (NYSE: BABA) spinoff that operates Ali Pay, has an estimated value of $60 billion.
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Interestingly enough the biggest threats to PayPal among these solutions; will be Chase Pay and Walmart Pay. Apple Pay is not a direct threat to PayPal, because it is a niche product that major retailers are refusing to use. That might change this fall; if reports Apple is planning to offer online payment via Apple Pay for the holiday season are true.
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