Talk about bitter rivalry. Apple Pay made headlines from a successful launch and within only 72 hours got a massive 1 million credit card signups. However, all does not seem well with some of the major retailers who had previously come together to form MCX (Merchant Customer Exchange) lead by Walmart.
Payment pioneer PayPal got their world rocked with the launch of Apple Pay recently. Bundled with the new iPhone 6 and iPhone 6 Plus, Apple intends to make headway into the payments industry by offering a smooth and easy way to pay for stuff at a touch of a button. Apple is currently working with Stripe and is aggressively signing up with banks and card issuers like Visa and MasterCard in the States before expanding to other countries.