PC Guys Aren’t Going to Just Walk In…


Apple faces a mountain of challenges as it seeks to break into mobile payments with Apple Pay, a PayPal executive told CNBC on Thursday.

“Payments is a tough ecosystem and you know, other players, other major consumer Internet companies have tried to enter in the space and have found, you know, limited success,” said Bill Ready, CEO of Braintree, the parent company of mobile payment services providers PayPal and Venmo. “And a big part of that is it is a very difficult space.”

You can smell the claim chowder brewing.

Friday, 12 September 2014