If Afterpay doesn't have a moat then does PayPal? Its seems the answer is no.
Adyen, an Amsterdam-based payments company that was founded in 2006 has managed to swim across the PayPal moat.
”After the existing eBay-PayPal agreement ends in 2020, PayPal will remain a payment option for shoppers on eBay, but it won’t be prominently featured ahead of debit and credit card options as it is today. PayPal will cease to process card payments for eBay at that time. PayPal’s stock dropped as much as 12 percent on the news in after-market trading.”
APT Price at posting:
$26.90 Sentiment: None Disclosure: Not Held