In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
This is big news for PayPal because Facebook Messenger is one of the world’s most popular social media solutions; with 1.3 billion users in September 2017, Statista reported. To add icing to the cake, Facebook also owns WhatsApp which also has 1.3 billion users worldwide.
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That situation is great for PayPal because it creates vast numbers of new customers. People who get used to paying for everything via their phones will start using PayPal for their banking and online payments. A major opportunity for PayPal is to serve as a pass through solution through which the proceeds of cryptocurrency transactions enter the traditional financial system.
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France’s major banks are refusing to support Apple Pay, TechCrunch reported. Only two French banks; Caisse d’Épargne/Banque Populaire (it’s the same company) and Carrefour Banque, currently support Apple Pay. That’s bad because France is the only major Eurozone nation where Apple Pay is available.
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It looks as if Apple (NASDAQ: AAPL) and PayPal (NASDAQ: PYPL) are finally burying the hatchet. Users will now be
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PayPal sees a bright future for P2P and is betting big on the technology. The company acquired the Canadian cloud-based payment processor TIO Networks for $233 million in February, a press release indicates.
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Android Pay users will soon be able to make purchases with PayPal through the app. That means PayPal will appear as a payment option in Android Pay, The Verge reported.
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Those revenue figures demonstrate that PayPal is capable of sustained organic growth. They also show us that its business is capable of long term growth. What’s more impressive is that revenue growth is occurring without Amazon’s (NASDAQ: AMZN) help.
Most people know that you cannot use PayPal on Amazon, but Dan Schulman has been trying to change that. The PayPal CEO told Bloomberg Technology he is in conversations with Amazon but would not reveal details.
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Among other things that means Android Pay is now accepted at all Walgreens (NASDAQ: WBA) drugstores, Payments.com reported. It also means but Android Pay can now be integrated with Walgreens Balance Reward card program much like Apple Pay is. Unfortunately Walgreens was the only store mentioned in news stories about the new registers.
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That makes PayPal a growth stock that generates a lot of cash. My guess is that it will pay a nice dividend day, but until then it will generate a lot of cash and grow systematically. PayPal is on track to becoming a payment industry giant that might outstrip such historic rivals as American Express (NYSE: AXP) at some point.
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It looks as if PayPal and not Apple might be the future of online and social media payment. Apple Pay seems doomed to remain a niche product. One has to wonder if this means that PayPal might soon support Apple Pay.
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