Vice president of Apple Pay, Jennifer Bailey, recently spoke with CNN’s Chief Business Correspondent Christine Romans at a private event in San Francisco.
Since the launch of Apple Pay in 2014, acceptance of contactless payments in stores has increased from 3% to over 70% in the US, according to Bailey. The company wouldn’t confirm how many people are currently using Apple Pay, but it is estimated to process nearly one billion transactions a month.
Below is a small selection of facts and interesting insights from the interview.
- 70% of US merchants support Apple Pay
- 85% of UK merchants accept Apple Pay
- 99% of Australian shops take Apple Pay
- Transit systems in the U.S. are going to move to mobile in the next 2-4 years
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Source: CNN Business