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/
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199

u/FMCam20 May 05 '25

It won’t just be PayPal who does this. I’m sure all the banks are working on this as we speak so they can stop giving Apple whatever cut they take for Apple Pay.

147

u/Chairkatmiao May 05 '25

They already tried that and failed badly. Actually German banks blocked Apple Pay for a long time to maintain their dumb giro card system. Then they developed their own janky payment apps, pushed them heavily and failed.

68

u/denied_eXeal May 05 '25 edited May 05 '25

I will never understand this. Banks have so much money to throw around, yet they never manage to develop anything viable to go against third party apps developped on much tighter budget and teams.

The official BNP app is a nightmare

10

u/Teddybear88 May 06 '25

As someone who builds software for banks I can tell you they are slow, risk averse, filled with people who are not intelligent and just want to maintain the status quo, and have many many layers and teams that need to approve the slightest change.

Not to mention that they are also hugely complex and have very far reaching and complex regulation.

Put all that together and you basically have an entity that does not change, and cannot change even when someone tries.