PayPal expands into in-person payments with Apple Wallet integration
PayPal is stepping up its game in the U.S. payment market. By integrating into Apple Wallet and offering 5% cashback, PayPal is aiming to compete directly with traditional banks and tech giants in the point-of-sale market. This strategic move is part of a broader turnaround plan led by CEO Alex Chriss, who joined PayPal from Intuit last year.
Reuters:
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