Since its introduction in October, Apple Pay has accounted for two of every three dollars spent through contactless payments on Visa, Mastercard, and American Express, according to information Apple shared with MarketWatch after posting its earnings for the first fiscal quarter of 2015.
Though Apple did not breakout Apple Pay earnings in its results, earlier reports and prior details shared by the company suggest the payments service is seeing some early success.
Apple Pay had more than 1 million card activations during the first 72 hours Apple Pay was available, and in November, Apple Pay captured a total of 1 percent of all digital payment dollars.
Thus far, Apple Pay has proven to be most popular at Whole Foods, with the speciality grocery store responsible for 20 percent of all Apple Pay transactions and 28 percent of all Apple Pay spending. Walgreens and McDonald's were also popular with Apple Pay users.
Apple Pay is still in its infancy, limited to the United States. In the coming months, Apple plans to expand to several other locations across Europe, Canada, and Asia. In the United States, Apple Pay now supports cards representing 90 percent of U.S. credit card purchase volume.
from MacRumors: Mac News and Rumors - All Stories
Though Apple did not breakout Apple Pay earnings in its results, earlier reports and prior details shared by the company suggest the payments service is seeing some early success.
Apple Pay had more than 1 million card activations during the first 72 hours Apple Pay was available, and in November, Apple Pay captured a total of 1 percent of all digital payment dollars.
Thus far, Apple Pay has proven to be most popular at Whole Foods, with the speciality grocery store responsible for 20 percent of all Apple Pay transactions and 28 percent of all Apple Pay spending. Walgreens and McDonald's were also popular with Apple Pay users.
Apple Pay is still in its infancy, limited to the United States. In the coming months, Apple plans to expand to several other locations across Europe, Canada, and Asia. In the United States, Apple Pay now supports cards representing 90 percent of U.S. credit card purchase volume.
from MacRumors: Mac News and Rumors - All Stories
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