Courtesy of Benzinga.
A partnership between Apple (NASDAQ: AAPL) and Visa (NYSE: V) offering mobile payment services could be just over the horizon, according to an analyst who totted up winners and losers from the potential deal on Monday.
Visa recently launched a scheme to offer payment tokens that could lower the security hurdles faced by similar past offerings. Pacific Crest’s Josh Beck thinks a partnership with Apple “makes strategic sense” and could be announced later this year.
The deal could reduce business obstacles and tap into Apple’s affluent customer base and its rich credit-card stockpile.
But for eBay (NASDAQ: EBAY), it presents the risk of heightened payment competition for its PayPal operation, and eroded investor sentiment, Beck said in a note.
NXP Semiconductors (NASDAQ: NXPI) could stand to gain earnings of $0.30 to
$0.40 a share by providing payment software for Apple’s iPhone 6.
Synaptics (NASDAQ: SYNA) could gain if Apple were to incorporate the company’s fingerprint-sensing technology into its phones’ related to the payment plan.
For Apple, Beck sees “little opportunity for profits that would be meaningful at Apple’s scale,” although Visa’s technology provides a clear path toward becoming a major player in mobile payments.
Meanwhile, Google (NASDAQ: GOOGL) and Amazon (NASDAQ: AMZN) both stand to gain from market expansion and market-share gains, Beck said.
Posted-In: Josh Beck Pacific CrestAnalyst Color News Rumors Analyst Ratings
