PayPal stock dipped on Thursday, as investors reacted to a new rumor claiming Apple Pay may soon further encroach on its business with upcoming website integration.

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The mobile payment industry continues to see shakeups this week, as PayPal has announced it will acquire Paydiant, a mobile wallet developer with clients including MCX -- the consortium behind retailer-driven Apple Pay competitor CurrentC.

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The strong initial success of Apple Pay, combined with the news that eBay will spin off PayPal, has led to expectations that PayPal could be a major acquisition target for mobile companies vying for users' wallets.

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Apple on Thursday updated its digital storefront to include PayPal as a valid method of making purchases, expanding customer options beyond credit and debit cards for the first time.

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Just days after Apple announced the opening of Touch ID APIs to third-party developers with iOS 8, mobile and digital payment services giant PayPal is already said to be working on implementing the feature into its apps.

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PayPal said on Friday that it is rolling out a new mobile software development kit that will let Apple iOS device users make in-app purchases via the company's payment service without having to switch apps.

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