BTIG analyst, comments was offered by Mark Palmer on Paypal Holdings Inc ahead of the business’s second quarter gains, due on July 21. According to him, Paypal stays undervalued amid low marketplace anticipations.

Mr. Palmer emphasized two primary sources which have activated investor’s doubt. The first one is known to the business which is investor’s concerns viewing demanding competition in payments space Apple Pay, from Apple Inc’s digital wallet service. BTIG analyst noted that “the technology giant prepares to offer Apple Pay to consumers with Touch ID-enabled devices and Apple Wallet credit card qualifications at some point before the holidays through the Safari browser.

While the real impact still remains unknown but Apple Pay might set Paypal on an overhang, based on Mr. Palmer. He noticed entire mobile payment quantities are ’sed by an increase in Paypal since the in-program launching of Apple Pay. 54% grew in the first quarter of fiscal year 2016, which suggests that over 30% of Paypal customers choose for trades through cellular yearly. The analyst considers the company might have created a competitive obstacle that is valued relative to its competitor, Apple. He noted that Paypal has the advantage of being first mover because of broad network of 14 million retailers and 170 million consumer accounts.