Interesting quote re: ApplePay
Apple DOES NOT benefit the mobile payments space
To the contrary, Apple Pay basically destroys the business model of everyone playing in the mobile payments space before today! This is great for consumers, but everyone else is busy throwing out their business plan and figuring out how to survive this.
I always figured NFC payments would be really hard to make work in the US because everyone wants to take a cut of the transaction. Everyone involved from phone OEMs, carriers, app developers and various others who figured they could insert themselves in the process - all had dreams of making billions off a small cut of the action. Those dreams are now gone.
Apple doesn't need a cut (or profit down the road via using/selling customer data) since they make their money selling phones/watches. Payment processors and banks didn't want to give anyone a cut of their action. Merchants didn't want to give a bigger cut than they give now to enable more pigs at the trough.
So the banks, payment processors, and merchants all became logical partners of Apple, and the massive support they've lined up guarantees Apple Pay will gain traction where others have failed. Anyone who wants to play the mobile payments game after today will have to play by the profit-free information-free rules Apple has now set in stone. Brilliant move by Apple, this deals Google's aspirations a crippling blow by taking away their ability to collect data on user purchases and add it to their massive trove of customer data.
Had Google been able to link purchase behavior all the way back to user searches, the value of that search data and AdWords would have grown immeasurably.