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The head of PayPal: Apple Pay is not our competitor

The head of PayPal, Dan Schulman, said that he is not concerned about appearance in iOS 11 opportunities to make money transfers between users. In his opinion, Apple’s decision not soon be able to compete with the PayPal app.

Shulman noted that Apple Pay has Cash advantages against PayPal, Venmo, which is now the market leader in the US and plans to launch in other countries.

According to the Executive Director, the service Apple will be difficult to achieve mass usage, as it is only available on devices of the company, unlike PayPal.

“Our goal is to offer a compatible service that can work with any operating systems and device types. This is a powerful advantage”, – said the representative of PayPal

Previously, Apple declared that now iPhone and iPad users will be able to transfer money via iMessage. With Apple Pay you can send payments to friends and family.

11 iOS allows you to send and receive payments directly in iMessage or ask Siri to pay someone with a credit card. The money is credited to your new account, Apple Pay Cash. You can send it to somebody to use to pay for purchases using Apple Pay in stores, applications and the Internet, and transfer into your Bank account.

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