PayPal shares are trading lower on news competitor Affirm's payment products are expected to be available to Apple Pay users in the US later this year.
Portfolio Pulse from Benzinga Newsdesk
PayPal shares are trading lower due to news that competitor Affirm's payment products will be available to Apple Pay users in the US later this year.
June 11, 2024 | 3:26 pm
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PayPal shares are trading lower due to the announcement that Affirm's payment products will be available to Apple Pay users in the US later this year.
The availability of Affirm's payment products on Apple Pay introduces a new competitive threat to PayPal, potentially impacting its market share and revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100