It seems that he’s not wrong, either. A new report shows that the United States is lagging behind other parts of the world when it comes to adopting mobile payments. Although Apple Pay is actually doing pretty well compared to its rivals.
Revolut has expanded Apple Pay support to 16 countries across Europe.
The mobile banking service first started working with Apple Pay in late May, but only in the United Kingdom. Revolut says its customers have been requesting support “for a long time.”
Apple Pay is on its way to 16 new markets, according to one mobile banking service.
Apple plans to increase the total number of supported countries to 40 by the end of 2019. Here’s the full list of territories that are next in line for its mobile payments service.
Apple Pay is on its way to seven new markets across Europe.
A number of banks serving Greece, Portugal, and other territories have already confirmed their support for the service. The launch is “coming soon,” but a more specific date hasn’t been announced just yet.
Apple Pay is finally about to land in Germany. Local banks like HVB and Bunq have today begun emailing customers to announce the mobile payments service is on the way, but none have confirmed an exact launch date just yet.
Apple Pay will expand its reach to new retailers in the U.S. and a new market in Europe this year.
Apple has confirmed that its popular mobile payments service will soon be supported by CVS and 7-11, while Mac and iOS users will be able to use it in Germany this fall.
The Supreme Court handed down a number of high-profile rulings this week. One that didn’t get much attention will have a negative effect on Apple Pay.
The SCOTUS decided that retail store owners who accept American Express can not suggest to customers who bring out this card that they use another method of payment. That includes Apple Pay, even though this iPhone payment system would save the merchant money.
The end of money can’t come soon enough for Apple CEO Tim Cook.
During Apple’s annual shareholders meeting today, Cook told investors that mobile payments like Apple Pay haven’t taken off quite as fast as hoped. However, he said he sees promising signs that the death of cash could soon be upon us.
Walmart Pay, the mobile payment system launched by the retailer in late 2015, may be on the verge of overtaking Apple Pay usage in the United States, a new report claims.
The service is available for both iOS and Android, across 4,774 Walmart stores, and is currently enrolling “tens of thousands of new users” per day. Two-thirds of them utilize the service for a second time within 21 days, Walmart claims — thereby giving it impressive repeat business.
Apple and Visa are on the receiving end of a lawsuit from tech company RSA SecurID, concerning security and authentication patents allegedly being infringed on by Apple Pay.
Target is reportedly looking to become a player in the mobile wallet game. The fourth largest retailer in the U.S. would be joining a market that’s quickly becoming pretty crowded. The next mobile payment solution on your smartphone very well could be Target Pay, though it can’t be confirmed at this time.
Australian banks including Westpac, ANZ and Macquarie have announced that they will soon accept contactless payments made via Android Pay — although would-be Apple Pay customers are still being left out in the cold.
The reason? Banks still aren’t happy with Apple’s terms for its mobile payments solution, and showing that they are willing to accept Android Pay is a way of forcing a better deal with Apple.
Amazon will start taking more advantage of the millions of credit cards it has on file with new “Pay with Amazon” buttons. The expansion to Amazon Payments will allow third-party developers to include these buttons in their mobile apps and have users quickly sign in to process payments. Since all their payment information is already with Amazon, checkout processes should be much speedier without having to reenter everything. It looks like Apple Pay and PayPal need to watch out.
Android Pay has begun rolling out to users with support at more than 1 million locations throughout the U.S.
The Apple Pay competitor, which was first unveiled at Google I/O back in May, is available on NFC-equipped smartphones running Android 4.4 KitKat and above, and it’s compatible with a whole host of banks and credit card providers.
Payment industry and retail data analysts at InfoScout and PYMNTS claim that the percentage of iPhone 6 users in the U.S. who have tried Apple Pay declined from 15 percent in March to 13.1 percent in June.
The hope with Apple Pay is that everywhere there are financial transactions, there will be Apple’s mobile payment solution — and, yes, that includes the sky.
Starting next week, passengers on select JetBlue Airways flights will be able to pay for food, drinks and assorted on-board amenities (such as upgrading seats) using their iPhone 6 and 6 Plus. This gives JetBlue the claim to fame that it is the first airline to accept Apple Pay at 35,000 feet.
Post-Apple Pay, everyone is looking to Cupertino when it comes to innovation in the mobile payment sector. eBay is no different — with the online auction company starting up a new division, designed especially to develop payment-related technology.
And wouldn’t you know it? It’s filling it with ex-Apple folk.
Critics are fond of saying Apple doesn’t innovate any more. But Apple’s new electronic payment system, Apple Pay, is innovation of the highest order. After a relatively smooth rollout this week, I honestly believe Apple Pay is the future of payments.
Even so, Apple Pay must clear some big hurdles if it’s to become the universal standard. For now, it’s limited to Apple’s latest iPhones and a relatively small number of retail partners, but the basic system — using your fingerprint to validate a purchase on your mobile phone — is the way we will pay for goods and services in the future.
Once again, Apple has shown the world how things should be done.
It’s not just Apple Pay that’s going to let you transfer funds using your iPhone. According to hidden code discovered in Facebook Messenger’s iOS app by Stanford student Andrew Aude, Facebook is also exploring the area — with a forthcoming feature that lets you send money as easily as you would “like” or share a photo.
Apple goes to some pretty crazy lengths to ensure secrecy for its various projects, and it expects a similar commitment from its partners.
According to a New York Times article, prior to releasing Apple Pay, the key players (which included Apple and banks such as JP Morgan Chase) referred to each other by code-names after rumors of Apple’s interest in mobile payments surfaced in early 2013.
More and more retailers are already using NFC terminals, but there is an additional reason why those without them might want to hurry up and get onboard: because Apple Pay could lead to more impulse purchases.
That at least seems to be the rationale of Walt Disney World, according to a new report.
A partnership with Walt Disney World was announced on Tuesday, and as per About.com theme park expert Arthur Levine, Disney is convinced it’s going to prove a great way of upping the amount customers will spend.
“It is surely hoping that by giving visitors the ability to use its cash-less system anywhere across the Disney World campus, they will increase spending, especially on impulse purchases,” Levine says.
Apple might be a hardware first company which creates software only to drive sales of its physical devices, but that doesn’t mean it can’t earn a bit of money from its services, right?
According to a new Bloomberg report, Apple will earn a fee every time its newly-announced Apple Pay service is used to make a purchase.
The deals were reportedly brokered by Apple with each bank individually and will give Apple a sizeable share of the $40 billion generated by banks each year from so-called swipe fees for credit card payments. JPMorgan, Bank of America and Citigroup have not yet disclosed the terms of the deal.
Details surrounding Apple’s mobile payments platform have been surfacing more frequently leading up to its big media event tomorrow. Now it’s being reported that Apple will incentivize merchants and customers to use its service with a special rewards program.