Why Payments Are Hard, Even For Apple And Google
The bottom line is that it is much harder to compete in payments using the same path PayPal took 10 years ago. Creating yet another network based on existing methods is a “me too” strategy that doesn’t provide real incentive for merchants to switch beyond the very specific uses Google and Apple provide today (and, based on the response to Apple’s 30% take rate, even that is not promised).
more on techcrunch.com
Interesting analysis of why it might be hard for Google and Apple to offer a payment system that could replace PayPal, by a former PayPal employee.
