Apple Pay Usage Keeps Growing and Growing

The mobile payment was offered by Apple in the fall 2014. The company managed to attract customers to this option. How popular is Apple Pay today? There are figures you should learn in order to answer this question.

Apple Pay usage has truly become popular. The company got 5 times more transactions than a year ago. This is ‘tremendous rate’ and the ‘fruit’ giant announced everything during Q2 2016 earnings call. The company’s CEO Tim Cook mentioned Apple Pay plans and assured that the mobile service gets about one million new users per week. This is huge growth and it seems that the number of Apple Pay subscribers would be even higher in Q3.

Apple Pay Mobile iPhone Payment System

Different banks, retails stores and iPhone users can take the advantage of Apple Pay not only in the United States but also outside the country. Apple brought its mobile service to Singapore, China, Canada, the UK and Australia. There are reports about possible soon Apple Pay release in France, Spain, Brazil and Hong Kong.

iPhone users who travel a lot and visit the countries that support the mobile ‘fruit’ service can easily pay with their phone. They just have to be sure that their card is supported in the country they are visiting.

The ‘fruit’ mobile payment system is supported by over one million locations in the U.S. If taking into consideration all other countries the number of stores that accept Apple Pay gets over 10 million.

It’s curious that Apple doesn’t make too much money using Apple Pay. Still this option will be developed further and extended to even more locations in 2016.

Tags: Apple News

Apple News

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