In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
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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The volume of payments processed by Venmo increased by 154% between first quarter 2015 and first quarter 2016, RE/CODE reported. Venmo processed $1.26 billion worth of payments in first quarter 2015 and $3.2 billion in first quarter 2016. That’s an increase of $1.64 billion in just a year, and PayPal has not even enabled the use of Venmo for retail transactions yet.
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These numbers prove that PayPal is a very profitable company that generates a lot of cash. They also indicate that PayPal is on its ways to becoming the king of payment processing.
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The real danger for eBay here is that sellers will leave and take inventory and revenue with them. Having less inventory will mean fewer customers and fewer sales. That means eBay’s market share will shrink over the next few years even though the company will remain profitable.
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Contrary to popular belief, PayPal Holdings (NASDAQ: PYPL) does not need to be an Amazon (NASAQ: AMZN) payment option to
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It looks as if eBay Inc. (NASDAQ: EBAY) might not be able to survive without its cash cow, PayPal Holdings Inc.
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PayPal Holdings (NASDAQ: PYPL) is a really great company that could be a victim of its own success. PayPal’s signature
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Xoom could help PayPal tap a vast market around the world: the unbanked people with no bank accounts or no access to one.
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Something else that is also obvious is that PayPal would be an acquisition target; purchasing it would give a large bank, retailer or credit card company access to a vast financial network and tens of millions of potential customers.
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This could indicate that traditional banking might no longer be a viable business because of the alternatives available. Things could soon get worse because PayPal is about to get spun off from eBay Inc. (NASDAQ: EBAY) and transformed into an independent financial services company that will compete directly with banks.
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