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ANALYSIS: How Apple Card is poised to accelerate Apple's payments business

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FIRST TAKE: Get BIIntelligence's analysis of the Apple Card — Apple's first proprietary card product:

with younger users, and could introduce transparency and simplicity into a market that consumers can perceive as opaque.

The channels and front-end methods that consumers use to make payments are evolving. Mobile in-store payments are huge in developing markets, but approaching an inflection point in developed regions where adoption has been laggy. And the ubiquity of mobile P2P services like Venmo and Square Cash will propel digital P2P to $574 billion by 2023.

 

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Goldman Sachs CEO says Apple Card 'completely changes the credit card experience'The Apple product is meant to be simple and transparent, and that ethos meshes with the stated principles of Goldman's consumer finance division. Wayyyyy behind Venmo LOL!! A credit card that help an individual 'lead a healthier financial life'? Credit is what gets most people in trouble... HAHAHHA ...
Source: CNBC - 🏆 12. / 72 Read more »