Apple Pay emerging as a key revenue driver for Apple 📲; B2B Pivot: neobank HMBradley shuts down consumer business 😮

FinTech is Eating the World, 17 October

Hey Everyone,

TGIF! What a week it was 🤯 While all of the tech world is being shocked that Sam Altman just got fired as CEO of OpenAI, I invite you to take a look at Apple whose payments business is emerging as a significant revenue driver (how Apple is positioning iPhone as the central financial hub + more bonus reads & deep dives), and HMBrandley that just did a pivot to B2B (what happened & what can other FinTechs learn + a bonus deep dive into B2B payments, the last major bastion of paper-based payments and processes). Let’s jump straight into the intriguing stuff 🌶

Apple Pay emerging as a key revenue driver for Apple 📲

Following the money 💸 Apple's AAPL 0.00%↑ payments business is emerging as a significant contributor to the tech giant's services revenue, according to remarks made by Apple executives during the company's latest earnings call.

Let’s take a closer look at this and see how Apple is trying to make the iPhone a central financial hub.