PayPal’s CEO Not Too Optimistic About Apple Pay’s Peer-to-Peer Payment Service Success

With iOS 11, Apple has introduced peer-to-peer payment support in Apple Pay for all iPhone users. Up until now, Venmo — owned by PayPal — has remained among the most popular peer-to-peer payments app across all major smartphones. However, with Apple Pay supporting P2P payments, that position is clearly under threat. 
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