Apple Pay snags 48 percent of mobile wallet use

Mobile wallet - Person using Apple Pay

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 –…

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Malaysian mobile payment customers can now use Apple Pay

Mobile payment - Malaysia Flag - Apple - Mobile Payments

The American tech giant has partnered with Standard Chartered Malaysia, Ambank and Maybank. Apple has announced that it has entered into a new mobile payment partnership with Maybank, Standard Chartered Malaysia and Ambank to be able to offer its digital wallet services to customers in Malaysia. Customers who have credit cards issued by those three major banks will be able to use it later in 2022. “Customers with Visa and Mastercard cards from banks including AmBank, Maybank and Standard Chartered Bank can now use Apple Pay, with American Express cards…

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$1.5 billion in scam mobile payments halted by Apple App Store last year

Mobile payments - App Store - App

The iPhone maker’s online marketplace stood in the way of massive fraudulent charge totals in 2021. The Apple App Store has become a massive online marketplace, and as such, it has had to place careful security measures in place to keep users safe from fraudulent mobile payments. The marketplace handles many billions in transactions each year as its device users shop. The Apple App Store is currently the most lucrative platform developers have for earning profits from their products and services. It also provides solid services to consumers while allowing…

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Apple mobile wallet practices hurt competition, says EU regulators

Mobile wallet - Back of iPhone - Blue case

The European Commission’s preliminary findings were that the policies harmed competition. European regulators have notified Apple Inc. that its mobile wallet practices were, in their initial view, harmful to competition. The preliminary findings of the European Commission do not “prejudge the outcome” in antitrust investigations. The European Commission (EC) announced in a news release that it had advised Apple “of its preliminary view that it abused its dominant position in markets for mobile wallets on iOS devices.” The focus of the concerns expressed about the payment app had to do…

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Apple to use more recycled materials with new Taz robot’s help

Recycled materials - Recycling Apple

Almost 20 percent of what is used to make the company’s products in 2021 were from recycling. With Earth Day ahead, Apple has released its 2022 Environmental Progress Report, showing its latest efforts to use recycled materials, as well as to reduce and to reuse overall. The 128-page report came with a number of announcements regarding Apple’s environmental efforts. The company used the report to introduce its new vice president of environment, policy, and social initiatives, Lisa Jackson. It also announced that recycled materials comprised almost 20 percent of what…

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