Disha Chhugani’s Post

*Apple's Bold Move: Introducing Tap to Cash!* Apple (AAPL) just raised the bar in the fintech world with exciting updates to Apple Pay, including the groundbreaking *Tap to Cash* feature. This new peer-to-peer (P2P) capability allows users to transfer money simply by holding two iPhones together – no personal info exchange required! 📲💸 🔄 *Evolution of Innovation:* - *Tap to Cash:* Seamlessly transfer money between #iPhones. - *Tap to Pay:* Already empowering merchants to accept contactless payments with ease. 💬 *What They’re Saying:* Apple CFO Luca Maestri proudly announced that the financial services segment "set an all-time revenue record" in the March quarter. 📈 🏦 *Big Tech vs. Financial Institutions:* - From Google Wallet to Amazon’s lending programs, tech giants are steadily encroaching on traditional financial turf. - With massive user bases and trusted brands, companies like Apple are reshaping the fintech landscape. ⚔ *Competition Heats Up:* - *Tap to Cash* is a direct challenge to PayPal’s Venmo and Block’s Cash App. - This move sparks intense competition within the P2P payment space, prompting broader questions about the future of payments. 🔍 *What to Watch:* - How will traditional financial players respond? - What new innovations will emerge from this intensified competition? Stay tuned as Apple continues to redefine the fintech frontier, setting the stage for an exciting future in payments! 🌐🚀 #Apple #FinTech #TapToPay #TapToCash #ApplePay #Innovation #P2PPayments #TechVsFinance #FinancialServices #BigTech #FutureOfPayments #BusinessNews

𝐀𝐩𝐩𝐥𝐞'𝐬 𝐁𝐨𝐥𝐝 𝐌𝐨𝐯𝐞: 𝐇𝐨𝐰 𝐘𝐨𝐮𝐫 𝐢𝐏𝐡𝐨𝐧𝐞 𝐢𝐬 𝐁𝐞𝐜𝐨𝐦𝐢𝐧𝐠 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝'𝐬 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐁𝐚𝐧𝐤 🌍💳 🚀 𝐀𝐩𝐩𝐥𝐞 𝐡𝐚𝐬 𝐣𝐮𝐬𝐭 𝐜𝐡𝐚𝐧𝐠𝐞𝐝 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞 𝐚𝐠𝐚𝐢𝐧! Imagine sending money to your friends with a simple tap of your phones. Sounds amazing, right? But hold on –   This isn’t just a cool feature. It’s a Trojan Horse for something much bigger! 𝐑𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐚𝐫𝐲 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬: Forget traditional bank transfers. With Apple’s new technology, you can transfer money instantly by just holding your iPhones together. This isn’t just convenient; it’s a game-changer for personal finance. 💡 Let’s find out what Apple is planning on the background with this new feature!🕵️♂️ And more important why is Apple planning this? 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐓𝐫𝐮𝐬𝐭 𝐰𝐢𝐭𝐡 𝐍𝐞𝐰 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬: Apple is introducing this feature to get us comfortable with using iPhones for more than just calls and apps. It’s their way of easing us into a future where Apple manages more of our financial lives. 🌟 𝐓𝐡𝐞 𝐓𝐫𝐨𝐣𝐚𝐧 𝐇𝐨𝐫𝐬𝐞 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲: Apple’s seamless payment tech is just the beginning. By integrating these financial features, Apple is locking users into its ecosystem, setting the stage for a full-scale entrance into the banking world. Your iPhone could soon be your personal bank, financial advisor, and wallet, all in one device. 📱💼 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: This strategy will change how we think about money. Apple isn’t just adding new features; they’re leading a financial revolution. It’s time to rethink what we expect from our banks, and Apple is showing us the future. 🚀 This is the future of finance, and it’s happening now. Have you tried Apple’s new payment feature yet? 𝐖𝐡𝐚𝐭 𝐝𝐨 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤 𝐚𝐛𝐨𝐮𝐭 𝐭𝐞𝐜𝐡 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐦𝐨𝐯𝐢𝐧𝐠 𝐢𝐧𝐭𝐨 𝐛𝐚𝐧𝐤𝐢𝐧𝐠? 𝐋𝐞𝐭’𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬! 💬👇 #Apple #TechInnovation #FutureOfBanking #FintechRevolution #DigitalTransformation #Neobanking

Apple Cancels Its "Pay Later" Service After Just One Year According to a Bloomberg article, Apple is shutting down its "Pay Later" service, a competitor to Affirm, after only a year in operation. This move comes as a surprise to many who were watching the development of Apple's foray into the buy-now-pay-later (BNPL) market. Reasons for Shutdown (Speculative): Lack of Adoption: The article doesn't mention specific reasons, but it's possible that Pay Later failed to gain enough traction among users, especially with established players like Affirm already present. Strategic Shift: Apple might have decided to prioritize other financial services or features instead of competing in the BNPL space. Potential Implications: Impact on Consumers: Those who were using Pay Later will need to find alternative BNPL options or adjust their purchasing habits. BNPL Market Landscape: This might signal a consolidation in the BNPL market, with established players like Affirm potentially gaining more dominance.

🦾 Big Tech - Apple Fined $2B On March 4th, the European Commission handed Apple a 1.8 billion euro  ($2 billion usd) fine. This antitrust fine is on the grounds that Apple used its market power to ban developers of music streaming apps telling consumers about cheaper subscription options. Apple has long adopted a closed-loop approach to its products and services, to maximize revenue opportunities within its ecosystem. It becomes a natural target when global regulators begin to take actions on the Big Tech’s dominant positions.    🍏 Apple Opens Tap-to-pay   To mitigate potential hefty fines, Apple promised to allow others to use the tap-to-pay function on its devices in January.      📍 Developers and banks can build their own apps and enable the tap-to-pay function on Apple devices, separate from Apple Pay and Apple Wallet.    📍 The change will start with EU and eventually will spread to other markets worldwide.    📍 Apple will try to find new revenue sources for reduced service revenue - currently it is charging banks for a percentage of the card transactions via Apple Pay.      Sources: CNBC, The Verge #consumerfinance #consumercredit #bigtech #payment #creditcard 🔹 If you are interested to receive my regular updates/comments re. consumer credit, and a collection of my 2023 posts, check here >> https://lnkd.in/grHzN-Da

🚀 𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬: 𝐀𝐩𝐩𝐥𝐞 𝐒𝐞𝐭 𝐭𝐨 𝐋𝐚𝐮𝐧𝐜𝐡 𝐏𝟐𝐏 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐓𝐡𝐢𝐬 𝐘𝐞𝐚𝐫! 🚀 𝑨𝒑𝒑𝒍𝒆 𝒊𝒔 𝒎𝒂𝒌𝒊𝒏𝒈 𝒘𝒂𝒗𝒆𝒔 𝒊𝒏 𝒕𝒉𝒆 𝒇𝒊𝒏𝒕𝒆𝒄𝒉 𝒘𝒐𝒓𝒍𝒅 𝒘𝒊𝒕𝒉 𝒕𝒉𝒆 𝒖𝒑𝒄𝒐𝒎𝒊𝒏𝒈 𝒍𝒂𝒖𝒏𝒄𝒉 𝒐𝒇 𝒊𝒕𝒔 𝒑𝒆𝒆𝒓-𝒕𝒐-𝒑𝒆𝒆𝒓 (𝑷2𝑷) 𝒑𝒂𝒚𝒎𝒆𝒏𝒕𝒔 𝒇𝒆𝒂𝒕𝒖𝒓𝒆! 🌐💸 Soon, you will send and receive money seamlessly through Apple Pay directly from your devices. This game-changing feature is ready to compete with Venmo, PayPal, and Cash App, bringing even more convenience and security to your transactions. 𝐁𝐮𝐭 𝐢𝐬 𝐢𝐭 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐚𝐫𝐲? 𝐋𝐞𝐭'𝐬 𝐝𝐢𝐬𝐜𝐮𝐬𝐬: 𝑪𝙤𝒏𝙫𝒆𝙣𝒊𝙚𝒏𝙘𝒆 𝒇𝙖𝒄𝙩𝒐𝙧: Imagine splitting a bill with friends or paying rent – all within iMessage. Transactions without any friction could significantly improve user experience. 𝑺𝙚𝒄𝙪𝒓𝙞𝒕𝙮 𝙢𝒂𝙩𝒕𝙚𝒓𝙨: Apple's secure enclave and TouchID/FaceID could make P2P payments safer than ever. 𝑴𝙖𝒓𝙠𝒆𝙩 𝙘𝒐𝙢𝒑𝙚𝒕𝙞𝒕𝙞𝒐𝙣: Venmo, Zelle, and Cash App have a strong foothold. Will Apple's user base be enough to disrupt the market? 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 🔹 Integrated within Apple Pay for a smooth, user-friendly experience. 🔹 Quick and secure money transfers between Apple devices. 🔹 Enhances the Apple ecosystem, making it an even more attractive option for everyday transactions. For more insights on how this could impact your business or to discuss opportunities, contact us at 𝐃𝐲𝐧𝐚𝐦𝐢𝐜 𝐃𝐫𝐞𝐚𝐦𝐳: www.dynamicdreamz.com 📣 𝗟𝗲𝘁'𝘀 𝗰𝗼𝗻𝗻𝗲𝗰𝘁 𝗮𝗻𝗱 𝗱𝗶𝘀𝗰𝘂𝘀𝘀 𝗵𝗼𝘄 𝘁𝗵𝗲𝘀𝗲 𝘁𝗿𝗲𝗻𝗱𝘀 𝗰𝗮𝗻 𝘀𝗵𝗮𝗽𝗲 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆! 🚀 𝗩𝗶𝗱𝗲𝗼 𝗰𝗿𝗲𝗱𝗶𝘁 𝗴𝗼𝗲𝘀 𝘁𝗼 𝗔𝗱𝘆𝗲𝗻 #ApplePay #P2PPayments #FinTech #DigitalPayments #Innovation #DynamicDreamz #BusinessNews #TechTrends

Is Apple a Fintech Company? A Profound Yes. For years, Apple has been building a financial services empire. They offer a vast array of services, from Apple Pay to credit cards and even a high-yield savings account. They cleverly partner with established players like Foxconn, Pegatron and Wistron (now under Tata Electronics Pvt. Ltd.) for the back-end grunt work while keeping the user experience under their control. This allows for speedy innovation without the regulatory burden. Here's what makes them unique: ➡️ Hardware & software control: Apple controls both the iPhone and the App Store, giving them leverage over the entire financial experience. ➡️ Double-sided synergy: They cater to both consumers and merchants, creating a powerful financial ecosystem. Even established banks struggle to compete. Apple may not be the first mover in Fintech, but its strategic approach positions it as a dominant force. The future of finance is likely shaped by a focus on user experience. And Apple is definitely leading the charge. #fintech #apple #finance

Big news! Last week, our Kiwi Slingers teamed up with Stripe to help announce their partnership with Apple, introducing Tap to Pay on iPhone to New Zealand – a game-changer for Kiwi businesses! 🙌 This exciting innovation allows businesses to accept contactless payments anywhere, anytime, helping them connect with more customers and scale faster. 💳📱 Our team was responsible for strategic media relations and shaping the story for business, technology and retail media. Curious to learn more? Stripe’s Head of New Zealand, Ben Hanna, shared all the details with Mike Hosking on Friday morning. Check out the link in the comments! 👇 #TapToPay #StripeNZ #Innovation

Great insight! Apple's foray into fintech is indeed transformative. Their control over hardware and software, combined with a user-centric approach, sets them apart. 🔹 Ecosystem Power: Apple creates a seamless financial experience that others can't match. 🔹 Partnerships: Collaborating with industry giants for backend operations allows Apple to innovate rapidly. 🔹 User Trust: Apple's emphasis on privacy and security builds strong consumer confidence. Apple isn’t just a tech company anymore; it's a fintech powerhouse shaping the future of finance.

Apple's BNPL Rollercoaster - the impact on the industry 🤔... Apple entered the Buy Now, Pay Later (BNPL) market in March 2023. Giants like Klarna, Affirm, and Afterpay struggled as Apple's aggressive entry shook things up. This move cost Affirm a 15% drop in share value in 2023. By June 2024, Apple's strategic exit from BNPL surprised everyone. Regulatory scrutiny and a shift in focus made them pull back. And what happened next? Klarna's valuation surged, showing a solid recovery. PayPal and Block (Afterpay’s parent) also benefited from this shift. With Apple out of the picture, the stage is wide open for BNPL companies to push forward. Klarna, Affirm, and others have a tremendous opportunity to fill the void left behind. Klarna Q2 2024 earnings showed a 12% spike. BNPL is changing again, and it’s anyone’s game now. Here’s the real question: "How do you know when to wait?" In Apple’s case, it was only a year, but sometimes it can be five or even ten years. Markets shift, and blindly sticking to a plan can lead to disaster. This decision-making skill is an art that universities don’t teach. Should you keep pushing or wait for the right moment? #BNPL #Fintech #DigitalFinance

90% of Apple Pay users cited ease of use as their primary reason for adopting the service. The entire process—from setting up Apple Pay to completing a transaction—is designed to be seamless and intuitive. This shows that when technology is intuitive, users are more likely to engage and return. For fintech companies, this is a valuable lesson. A smooth, frictionless user experience is key to driving adoption. Apple Pay’s journey holds many other valuable insights for the future of mobile payments. Check out the insights: https://lnkd.in/dFynFKtb #applepay #fintech #FintechTrends #UserExperience #UIUX #mobileapp #paymentsolution