Apple pay has more payment volume than PayPal. But the TAM (...
Apple pay has more payment volume than PayPal. But the TAM (Total Addressable Market) is lower because it only gets used on I-phones. And globally Apple only makes up 16% of the smart phone market.
However, $PYPL's TAM is much larger since it's more likely to be used on the other 84% of phones that aren't Apple.
So, I wouldn't be surprised to see PayPal in the top 4 several years from now.
However, $PYPL's TAM is much larger since it's more likely to be used on the other 84% of phones that aren't Apple.
So, I wouldn't be surprised to see PayPal in the top 4 several years from now.
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