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Apple Pay Already Accepted at a Third of US Retail Outlets

Yahoo Finance – The reach of Apple Pay has steadily expanded since the service was launched in October 2014. In two short years Apple (AAPL) has expanded the service to 13 countries, with four of them added last year – Japan, Russia, New Zealand and Spain.

During the first quarter 2017 earnings call, Apple CEO Tim Cook noted that Apple Pay’s volume was up over 500% compared to last year even as the total number of users tripled during the period. Apple Pay experienced the same level growth in the fourth quarter of 2016 as well, which means the current trend has enough momentum to continue for some more time.

“Apple Pay transactions were up nearly 500% year-on-year for the September quarter. In fact, we completed more transactions in the month of September than we did across all of fiscal 2015.” – Tim Cook, CEO Apple fourth-quarter 2016 earnings call

According to a recent survey conducted by Boston Retail Partners, Apple Pay is now accepted by 36% of the retailers in the U.S., with another 22% expected to start accepting Apple Pay in the next 12 months.

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Apple Pay is Now the Number One Mobile Wallet in the World, What Next?

1redDrop – When Tim Cook launched Apple Pay in September 2014, not many in the world would have thought that the company would soon become the most accepted mobile payments service in the United States. Apple has taken just over two years to get 36% of U.S. merchants to start accepting Apple Pay, up from 16% in 2016.

Apple Pay leads the field in alternative payments / mobile wallet
Apple Pay ranked against other alternative payment types such as mobile wallets

A recent survey conducted by Boston Retail Partners found that 36% of US merchants already accept Apple Pay, with another 22% saying that they plan to accept the payments service in the next 12 months. PayPal came in second, with 34% acceptance, and Android Pay is accepted at 24% of merchant locations.

Apple Pay and PayPal have run away with the market, creating a solid lead over others in the overcrowded mobile payments service market. This is obviously great news for Apple, because the more merchants start accepting mobile payments, the more it increases awareness about Apple Pay. In turn, this will increase user adoption rates as well as transaction volumes.

Read Full Article: Apple Pay is Now the Number One Mobile Wallet in the World, What Next?

Apple Pay Supported by 36% of US Merchants

NACS – Survey suggests that 22% of retailers who don’t currently support Apple Pay plan to accept the payments service within the next 12 months. Recent Boston Retail Partners research reveals that Apple Pay is now accepted by 36% of U.S. merchants, up from 16% in 2016.

The group found that 22% of retailers who don’t currently support Apple Pay said they plan to accept the payments service within the next 12 months, while 11% plan to do so in the next one to three years. Thirty-one percent plan to take a “wait and see” approach before implementing Apple Pay support.

PayPal was the next most widely accepted payments service at 34%, while MasterCard’s PayPass came in third with 25%. Twenty-four percent of merchants claimed support for Android Pay, while 18% said they accept Samsung Pay. Given that many of these technologies are all NFC-based and accepted anywhere NFC payments are available, it seems merchants may be referring to “official” support or may be unaware of the way contactless payments work.

The study notes that fewer retailers are adopting a “wait and see approach” for Apple Pay and PayPal, likely because of the growing support from the payment software ecosystem and the acceptance for these mobile payments by the public.

“One of the critical factors for any mobile payment success going forward is education. We have found repeatedly that not only are consumers unsure of how and when mobile payments can be used, but even more telling, associates are unsure,” notes the study.

“For mobile payments—or mobile wallets—to succeed, there must be further education at the point of sale to ensure that a transaction using a mobile device is not longer or more complicated than traditional payments methods for either the customer or associate. The other critical factor is explaining the value of tying mobile wallets to loyalty rewards programs. Customers need to feel that utilizing mobile payments enhances the shopping experience and that they are being rewarded for the experience; this will enable a win-win experience for retailers and customers,” according to the study.

Read Full Article: Apple Pay Supported by 36% of US Merchants

Apple Pay leads the way in merchant acceptance

Mobile Payments Today – Apple Pay can boast the highest merchant support of all mobile wallets currently on the market, according to a report from Boston Retail Partners.

Apple Pay is accepted by 36 percent of U.S. merchants, followed by PayPal at 34 percent, the report said.

At least one-third of merchants are taking a wait-and-see approach to major digital wallets.

“One of the critical factors for any mobile payment success going forward is education,” Boston Retail Partners said in a statement about the report. “We have found repeatedly that not only are consumers unsure of how and when mobile payments can be used but, even more telling, associates are unsure.”

Boston Retail Partners surveyed the top 500 retailers in North America for the report.

Read Full Article: Apple Pay leads the way in merchant acceptance

Apple Pay Surges Past PayPal as most Popular In-store/Online Mobile Payment Option: Report

CardNotPresent.com – As mobile wallets continue to blur the lines between in-store and online payments, Apple Pay is taking the lead when both are considered, according to a new report. In its 18th annual POS/Customer Engagement Survey, Boston Retail Partners found 36 percent of retailers accept Apple Pay, bumping PayPal, which took the top spot last year, down to second with 34 percent of retailers reporting they accept the payment method. Mastercard PayPass (25 percent), Android Pay (24 percent), Visa Checkout (20 percent), Samsung Pay (18 percent) and Chase Pay (11 percent)—other mobile wallets gaining in popularity—are an interesting mix of payment methods. Some are principally online, while others are principally in stores, although most of those have plans to offer online functionality enabling mobile payments through browsers or apps.

Another 22 percent of retailers said they plan to offer Apple Pay in the next 12 months. Twenty-one percent said that about PayPal and 18 percent plan to offer Android Pay in the same time frame.

“In the past year, we have seen the demise of the merchant-backed CurrentC and the rise of Walmart Pay,” the report said.

Read Full Article:  Apple Pay Surges Past PayPal as most Popular In-store/Online Mobile Payment Option: Report

Apple Pay Beats PayPal in Payments Race

CCM – Apple Pay has toppled PayPal to become the most popular mobile payment service among U.S. retailers, according to a report in NFC World. The most recent research carried out by Boston Retail Partners found that 36% of merchants accept Apple Pay, a huge increase on the 16% that accepted it last year. PayPal boasts a 34% acceptance rate, followed by Mastercard PayPass on 25%, Android Pay on 24%, Visa Checkout on 20%, and Samsung Pay on 18%. Apple Pay appears to have strong momentum behind it, with 22% of retailers planning to start accepting it in the next twelve months. By contrast 18% are planning to accept Android Pay in the next 12 months, and just 11% are planning to accept Samsung Pay.

Apple Pay was launched by Apple in October 2014 in the U.S., providing a way to make contactless payments using an Apple Watch (any version) or iPhone 6 or later. The company reportedly receives a 0.15% cut of U.S. purchases made using Apple Pay. Services are becoming increasingly important to Apple, and now represent Apple’s second largest source of income after iPhone sales but ahead of sales of its Mac computers and iPad tablets. Apple Pay usage has been accelerated by the adoption of the Apple Watch, which sold 6 million units in the final quarter of last year, according to a Canalys report.

Read Full Article: Apple Pay Beats PayPal in Payments Race

Apple Pay supported by 36 percent of merchants in the US

The Paypers – Apple Pay is now accepted by 36% of merchants in the US, according to a new research conducted by Boston Retail Partners.

The information below was gathered from a survey of more than 500 top North American retailers.

22% of retailers who don’t currently support Apple Pay said they plan to accept the payments service within the next 12 months, while 11% plan to do so in the next one to three years. 31% plan to take a “wait and see” approach before implementing Apple Pay support.

PayPal was the next most widely accepted payments service at 34%, while MasterCard’s PayPass came in third with 25%. 24% of merchants claimed support for Android Pay, while 18% said they accept Samsung Pay. Given that many of these technologies are all NFC-based and accepted anywhere NFC payments are available, it seems merchants may be referring to “official” support or may be unaware of the way contactless payments work.

Apple Pay is up significantly from 16% last year, and signals a growing acceptance by retailers and customers, according to the survey.

Read Full Article: Apple Pay supported by 36 percent of merchants in the US

Apple Pay Leads in ‘Official’ Merchant mPayment Support in US

Mobile ID World – Apple Pay now has support from 36 percent of US merchants, according to new data from Boston Retail Partners, a retail consultancy.

Apple Pay Leads in ‘Official’ Merchant mPayment Support in USThat reflects an increase of 16 percent compared to a year ago, and an additional 22 percent of the 500 merchants surveyed indicated that they plan offer Apple Pay support within the next 12 months. The data suggests that Apple Pay is leading the mPayment market in the US, with Mastercard’s PayPass in second at 34 percent, Android Pay at 24 percent, and Samsung Pay at 18 percent.

Read Full Article: Apple Pay Leads in ‘Official’ Merchant mPayment Support in US

Apple Pay has become the most popular payment service in the United States

AppleApple.top – Payment service Apple Pay has become the most popular in the United States, according to a survey from research firm Boston Retail Partners. At the moment, 36% of retailers in the States are working with Apple service, while PayPal, who previously held the position as the leader, supported by only 34%.

“PayPal has lost leadership in the survey this year. Now payment system Pay Apple supports 36% of retailers participating in the survey. Payment tool Apple showed impressive growth compared to 16% last year, which indicates a recognition as retailers and buyers” – say analysts.

22% of traders that don’t support Apple Pay, said that they intend to rectify the situation within a year. Another 11% plan to do so within three years, while 31% do not yet have such plans and prefer to “wait and see”.

For comparison, Android Pay supports 24% of respondents sellers and 18% and 13% will introduce support for a year, or three, respectively. For Samsung Pay the same parameters in the same order account for 18%, 11% and 7%.

Read Full Article: Apple Pay has become the most popular payment service in the United States

Apple Pay Boasts The Highest Percentage Of Supporting U.S Merchants

WCCF Tech -Digital payments are gradually becoming a trend and if you’re in the United States, there is very high chance that you’re using Apple’s mobile payment service. Apple Pay has been with us for quite a while now. Since the company has not rested the availability of its mobile payment to its home region alone, Apple is gradually extending the reach of its mobile payment service to other countries. However, according to a new research conducted by the Boston Retail Partners, Apple Pay brags the largest percentage of supporting U.S merchants. Let’s dive in to see some more details on the matter.

Apple Pay Is Accepted By 36 Percent Of Merchants In The United States

Apple Pay has now been accepted by 36 percent of merchants in the United States. Compared to last year, the numbers have increased from 16 percent. The information is derived from a survey of more than 500 top North American regions. Apart from the hefty number who have accepted the service, 22 percent of retailers said that they have plan to accept the payment service within a year. Moreover, 11 percent of the retailers have a plan to implement Apple Pay in the next three years. 31 percent of retailers plans to “wait and see” before they finally implement it.

Read Full Article: Apple Pay Boasts The Highest Percentage Of Supporting U.S Merchants