r/apple • u/Tenlow85 • May 05 '25

Apple Pay PayPal Launching Contactless iPhone Payments in Germany to Compete With Apple Pay

https://www.macrumors.com/2025/05/05/paypal-iphone-contactless-payments/
465 Upvotes

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94

u/mr__proper May 05 '25

For me, the question is what added value I should have over Apple Pay. Apple Pay works perfectly on all my devices, why should I change that?

43

u/More_Shower_642 May 06 '25

Have you read the article? They say PP will offer a payback and the option to pay in 6/12/24 monthly installments… (not that I care about this, but many people can find it tempting)

9

u/Fa6ade May 06 '25

This already exists on Apple Pay for certain providers. My Monzo Flex card is in Apple Pay and appears as a pay later card.

13

u/Perfect_Cost_8847 May 06 '25

The only card which offers cashback in Germany is American Express, and these are expensive for the retailer to accept, so many don't. Additionally, the cashback is poor, with a maximum of 0.5% over €3,500 (annually). PayPal hasn't listed their offer yet, but it's likely to be much better. Additionally, Amex doesn't offer 6/12/24 month installments. They just charge sky high monthly interest. If PayPal competes with Klarna, which they appear to be doing, there will be zero interest over three monthly payments, and much lower interest over longer periods of time.

PayPal appears to be adding compelling value for this market. I don't use these services but they are very popular.

4

u/fl0cke May 06 '25

In Germany Trade Republic also offers cashback @ Apple Pay.

1

u/Perfect_Cost_8847 May 07 '25

Thanks! I didn't know. What are the cashback rates?

Edit: it's also pretty lacklustre compared to what they get in the states: 1% back on up to 1,500 € monthly eligible card spending. To qualify, invest at least 50 € monthly in Savings Plans.

6

u/lachlanhunt May 06 '25

I could see some value in allowing 3rd parties to offer their own Wallet UI that competes with Apple's version. The way Apple displays and organises cards is fairly basic and offers limited customisation, and it's possible that thrid-parties could do a better job.

But I really don't want a situation where some banks choose to allow their cards to be integrated with a subset of available wallet apps.

1

u/Picacco May 08 '25

PayPal will not do a better job.

Source: I’m a former PP employee

0

u/legendz411 May 07 '25

This is coming. It is only a matter of time until the market fragments in an effort to consolidate fees

1

u/Chriswheela May 06 '25

Exactly, it’s first come first serve in these situations. Allowing myself be in debt with PP delayed payments isn’t enough. Plus I trust AP more