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PayPal partnerships give consumers more choice and send stock to records

PayPal recently inked partnerships with Apple, Android Pay

PayPal Holdings Inc. is playing its cards right in recent partnerships, analysts said Thursday, and the stock hit record highs yet again.

PayPal PYPL, +2.39% began a partnership with Apple Inc. on Wednesday, in which PayPal can be used as payment option in Apple’s AAPL, +0.01% popular services, which led to the analysts’ enthusiasm about PayPal’s mobile growth. Partnerships like these help move retailers and PayPal toward a “consumer choice” model, said Instinet analyst Bill Carcache, which is where he sees the industry headed.

The Apple partnership helps with PayPal’s expansion across mobile, said James Cakmak, an analyst at Monness, Crespi, Hardt, in a note Thursday. The partnership with Apple also cuts down on competitive threats coming from Apple Pay, he said. PayPal already has a partnership with Alphabet Inc.’s GOOGL, +0.11% GOOG, +0.35% Android Pay, which began in April, and Cakmak sees that partnership expanding internationally.

He...


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