I think what is more interesting is how they’ve expanded Apple Pay - the iPhone can act as a terminal. So now merchants don’t have to pay for a POS terminal, they can use their Apple device. So it eats into fees earned by banks and other issuers of terminals.
BurnLearnEarn t1_j267h3n wrote
Reply to comment by PleasantAnomaly in $V VS $MA VS $AAPL.... are $V and $MA in danger? by stock_122
I think what is more interesting is how they’ve expanded Apple Pay - the iPhone can act as a terminal. So now merchants don’t have to pay for a POS terminal, they can use their Apple device. So it eats into fees earned by banks and other issuers of terminals.