Android Pay: Free for Credit Card Issuers, Apple Pay in Trouble

Google's new mobile phone payment service, Android Pay, will not earn any transaction fees from credit card companies. This move might put pressure on Apple Pay which has been growing steadily in the US since its launch. This move might compel Apple to drop or lower its charges, which eventually means a lower margin per transaction for Apple.

Apple Pay, the profound wallet system in the US, charges 0.15% of the transact ...

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