apple entry into financial services

$PayPal (PYPL.US)$ Apple's strategic expansion into the financial services sector, including high-interest savings accounts and BNPL services, poses a significant competitive threat to PayPal.

Adding to these woes is the startling revelation that active accounts decreased by 2M on a quarterly basis, marking the first such decline since at least 2014. This is a red flag that cannot be ignored. A drop in active accounts does not bode well for any company, let alone a market leader who dependents on network effects like PayPal.