Apple Pay Accounts for 90 Percent of All Mobile Contactless Transactions Where Active

Ingrid Lunden, reporting for TechCrunch:

The advances point to how Apple wants to steal a march when it comes to using phones as a proxy for a card or cash, and there is some anecdotal evidence that it’s working: merchants and others who have partnered with Apple say that Apple Pay is accounting for 90 percent of all mobile contactless transactions globally in markets where it’s available.

“Apple Pay is the future of everyday spend,” said Bailey on stage at the Money 20/20 conference that kicked off in Las Vegas yesterday.

90 percent market share for all mobile payments is rather remarkable for the platform with second-place market share overall.

Tuesday, 24 October 2017