Apple Pay: A Long-Term Strategy

Peter Bergen: Nobody knows what the strategy of Apple is. Maybe it's because they're making most of their money in China that is still growing at 6.5%. But I think honestly, there is a long-term play that Apple does to become more relevant for consumers every single day," he says. "I think if you see the success of Apple Pay, I mean, there were a lot of Western banks or a lot of European banks who tried to hold off Apple Pay as long as possible"

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