APPLE PAY AND PAYPAL

STUDENT NAME

COURSE NAME

INSTITUTE NAME

DATE  
 APPLE PAY

 Mobile payment system

 Digital wallet.

 Shops,

 iOS applications

 Purchases are even easier. With iOS 11.2,

Apple Pay is built right in

 Functions instead of a traditional plastic card

 Supports contactless payments (Pang, 2020).

 THE PAYPAL

 Offers a money transfer service

 Consumers and companies may use it.

 The seller and the financial institution

mediate the transaction (Pang, 2020).

 STRATEGIC ALLIANCE

 The partnership aimed to alter the status

quo of payment processes.

 Preferred payment mechanism for Apple

Pay.

 PayPal's ex-president was totally against

the Samsung arrangement, while

PayPal's standing with Apple (Colt,

2014).
 REASONS FOR FAILED PARTNERSHIP

 Apple was so irritated with PayPal

 The company decided to exclude PayPal from

Apple Pay entirely.

 Apple was reportedly so incensed by PayPal's

partnership with Samsung

 This is why both businesses eventually failed

(Colt, 2014).
 RESTRUCTURING RECOMMENDATION

 Both companies should see growth in their

customer bases.

 The collaboration should result in the creation

of a payment system

 Both businesses will have to overcome the

risks

 The partnership must develop a product that

compels consumers.
 REFERENCES

Colt, S. (2014). Apple was going to partner with PayPal on

Apple pay until it found out PayPal was working with

Samsung. Business Insider. Retrieved November 23, 2022,

from https://www.businessinsider.com/apple-pay-and-

paypal-partnership-failed-2014-9

Pang, R. (2020). The growth of payment apps like Alipay,

Apple Pay, and WeChat Pay in two major markets, the risks

and the benefits, and the relations with traditional

finance (Doctoral dissertation).