Scalper1 News
A s a second wave of Apple Watch reviews questions its raison d’etre, Jefferies analyst Sundeep Bajikar argues that mobile payments via Apple Pay will be the killer app for the new smartwatch. “We think the convenience of using Apple Pay on Apple Watch with or without a tethered iPhone, while ensuring a higher level of security and privacy as compared to using physical credit cards, is likely to gain traction as a smarter way to pay,” Bajikar said in a research report Monday. Apple ‘s (AAPL) mobile payment service will become even more compelling when it ties payments to retailer loyalty programs, he said. The Apple Watch also is well positioned to become a convenient and secure “repository” of “electronic credentials” including airline boarding passes, membership cards and hotel room keys, Bajikar said. Scalper1 News
Scalper1 News