Mizuho analyst Dan Dolev’s proprietary survey of PayPal Holdings, Inc.’s Venmo and Apple Inc. Apple Pay exhibited a “strong appetite” to tap to pay with Venmo if Apple opened up its near field communication to Venmo.
Dolev estimates that tap-to-pay with Venmo could present a 10 percent total payment volume and 15 percent–20 percent sales upside given Venmo’s high in-store take rates and its stored balance-driven funding mix.
