While PayPal (NASDAQ:EBAY) is one of the early success stories in mobile payments, the eBay, PayPal split, along with a new focus on Apple Pay, may loosen the payment processor's grip on mobile payments.
PayPal processed around $20 billion in mobile payments last year. However, focus has since shifted to a growth in near-field communications technology, Apple Pay and Stripe. "PayPal has a bit of catching up to do on industry buzz; this void has been filled by Stripe recently," said Sam Maule, management consultant at Carlisle & Gallagher Consulting Group in Charlotte, North Carolina. Story