Apple Pay revenue and transactions have “more than doubled year-over-year with the run rate exceeding 15bn transactions a year,” Apple CEO Tim Cook has revealed according to NFCWorld.
“We’re thrilled to report Apple’s biggest quarter ever, which set new all-time records in both revenue and earnings,” he explained during the iPhone-maker’s first quarter 2020 earnings call.
Cook also referred to the rollout of Express Transit mode, Apple Pay’s payment method that forgoes authentication in favour of getting iPhone users speedily through public transport turnstiles.
“Apple Pay transit support expanded with customers paying for journeys on Transport for London more easily with Apple Pay Express Transit,” said Cook.
“And in spring of 2020, iPhone and Apple Watch customers will be able to simply tap to ride trains and buses in even more cities, including Shenzhen and Guangzhou.”
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
