The iPhone’s payment app has been around for 8 years, and adoption has been rising quickly. The Apple Pay has been available in the mobile wallets category for 8 years as of 2022 and while it did have a slow start – as did many others in that category – but it has started picking up. In the United States, adoption of all phone-based digital payment methods has been slow. The report “Apple Pay at 8: Connected-Tech Consumers Lead the Way” issued by PYMNTS showed that even though more than…
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Apple Pay snags 48 percent of mobile wallet use
Even with this massive share, its use represents only a tiny fraction of total retail payments. Mobile wallet use is beginning to take off, and Apple Pay is leading the way with a considerable market share. That said, even with such a high position among transactions made via smartphone, it barely represents a sliver of total in-store payments. The use of these payment apps for in-store commerce is rising but is barely there next to cash and cards. The new PYMNTS report titled “Mobile Wallets Adoption: Apple Pay @8 –…
Read MoreApple Pay is barely used by anyone who has it
Only 6 percent of iPhone users in the United States who have the mobile wallet are actually using it. According to the results of a new study, only 6 percent of iPhone users who have Apple Pay set up are actually using the mobile wallet app in the United States. The study was conducted by PYMNTS, showing far less usage than many had expected. The study showed that about 93.9 percent of US iPhone customers have Apple Pay on their smartphones. The mobile wallet service first launched in September 2014…
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