Apple Pay extends lead over eBay’s PayPal

By | April 21, 2015

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Apple’s (AAPL) mobile payment app, Apple Pay, has experienced rapid uptake since its debut last fall and is outperforming eBay’s PayPal in the market, 451 Research said Tuesday. “Our latest survey shows planned use of Apple Pay has been on an upward trajectory since it became available six months ago — with the service helping to spark consumer demand for mobile payment technologies,” Andy Golub, 451 survey research director, said in a statement. “Although consumer perceptions of security remain an issue, the results point to marked improvements in this area.” One-quarter (25%) of smartphone owners say they are likely to use mobile payment apps over the next 90 days (11% very likely and 14% somewhat likely), the research firm’s March survey of North American consumers found. The percentage of consumers likely to use a mobile payment app in the next quarter is up 1… Scalper1 News

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