Tap To Pay On iPhone Now Available For 'Venmo' And 'PayPal Zettle' Businesses In The U.S.
Portfolio Pulse from Benzinga Newsdesk
PayPal Holdings, Inc. (NASDAQ:PYPL) has launched Tap to Pay on iPhone for Venmo business profile and PayPal Zettle users in the U.S., allowing them to accept contactless payments directly on iPhones without extra cost or hardware. This move aims to support small businesses by adapting to the increasing consumer preference for cashless transactions, offering a quick and affordable payment solution.
March 07, 2024 | 3:02 pm
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POSITIVE IMPACT
The implementation of Tap to Pay on iPhone by PayPal for Venmo and PayPal Zettle users highlights the utility and versatility of Apple's iPhone in the fintech space, potentially enhancing its appeal to business users.
Apple's iPhone being used as a platform for PayPal's Tap to Pay feature showcases its capability in supporting innovative fintech solutions. This could increase its attractiveness to business users and potentially drive iPhone sales among small business owners.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
PayPal's launch of Tap to Pay on iPhone for Venmo and PayPal Zettle users in the U.S. positions the company as a leader in facilitating cashless transactions for small businesses, potentially increasing its user base and transaction volume.
By enabling small businesses to accept contactless payments directly on iPhones, PayPal addresses the growing consumer demand for cashless options. This could lead to increased transaction volumes and user engagement, positively impacting PayPal's revenue and market position.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90