Apple Pay comprised 92 percent of US mobile wallet transactions last year

Mobile wallet transactions - 92%

A recent Pulse study showed that the iPhone maker’s app easily dominated smartphone payments. Apple Pay was by far the leader in mobile wallet transactions in 2020, which was in itself a critical year in smartphone-based payments growth. Last year was a critical one in the expansion of this payment method due to the pandemic. As consumers across the United States sought more contact-free payment methods, they looked to their phones to complete their purchases using mobile wallet transactions. Among those who did, Apple Pay was used 92 percent of…

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