Apple Versus PayPal?

We already know Apple are planning to enter the mobile payments scene, with ‘Transaction‘, but what will happen when Apple comes up against mobile payments giant Paypal?

Apple’s in a good position to take on PayPal with a move into mobile payment systems. A future NFC-based iPhone may enable people to pay for real world goods using their smartphones, with payments charged to them via iTunes. Is it game over for PayPal.

[Computerworld via 9to5Mac]