Apple Pay is experiencing “phenomenal traction”, with transaction volume up 450% over the last 12 months, Apple CEO Tim Cook has revealed. Monthly Apple Pay transactions have grown by nearly 300% in the last year across the UK, while in Japan more than half a million transit users are completing 20m Apple Pay transactions per month.
“Apple Pay is experiencing phenomenal traction,” Cook told investors during Apple’s second quarter 2017 results. “With the launch of Taiwan and Ireland in the March quarter, Apple Pay is now live in 15 markets with more than 20m contactless-ready locations, including more than 4.5m locations accepting Apple Pay in the US alone.
“We’re seeing strong growing usage as points of acceptance expand, with transaction volume up 450% over the last 12 months. In the UK, for example, points of acceptance have grown by 44% in the last year, while monthly Apple Pay transactions have grown by nearly 300%.”
“In Japan — where Apple Pay launched last October — more than half a million transit users are completing 20m Apple Pay transactions per month,” Cook added. “And we’re always excited to see our partners bring their customers new ways to use Apple Pay. You can now even send a Starbucks gift card via iMessage with just a touch.”
Source: nfcworld.com
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:
