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Digital wallets vs. Apple and Google Pay

Any other investment discussions eg. peer to peer lending
Gotomars2051
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Digital wallets vs. Apple and Google Pay

#384145

Postby Gotomars2051 » February 6th, 2021, 12:24 pm

I am interested in Digital Wallets replacing traditional banks and monetising their user base through paying for goods, short term loans, longer term loans and mortgages and to a lesser extent introducing simple investment products.

I’m looking at Square CashApo, PayPal Venmo, Alibaba’s AliPay, Ten Cent and Mercado Libre.

These companies have 100s of millions of users to monetise.

My question is, what is to stop Apple and Google from offering the same overdrafts, short & long term loans etc? Apple alone has about 1 billion iPhone users. Why would Apple and Google not become the prime brands in FinTech?

Why would you invest in Square or Alibaba instead?

Thanks

ADrunkenMarcus
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Re: Digital wallets vs. Apple and Google Pay

#384508

Postby ADrunkenMarcus » February 7th, 2021, 4:26 pm

I wouldn't mind them stealing business from banks. I'm long MasterCard and PayPal.

Best wishes

Mark.

Lanark
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Re: Digital wallets vs. Apple and Google Pay

#384528

Postby Lanark » February 7th, 2021, 5:43 pm

I think at some point Apple and Google will move into finance, but they will probably do it by just buying an existing bank.

Google > Visa
Apple > Mastercard


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