Tuesday, June 12, 2012

Will Apple Bite PayPal With it's 400 Million Payment Accounts



Apple CEO Tim Cook just revealed that the company has 400 million active accounts with credit cards registered for its online stores—in other words, iTunes and the App Store.  That's more than PayPal, which has 110 million active accounts (out of 232 million total), and Amazon.com, which reports having 152 million customer accounts.  Bottom line: When it comes to mobile payments for anything made up of bits, Apple has a huge advantage in its giant pool of customers and the ease with which they can pay.

Read more: 
http://www.businessinsider.com/apple-payments-paypal-amazon-400-million-accounts-2012-6#ixzz1xaYRDHcw



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