FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Apple Pay Transactions Skyrocket Amid Global Expansion

Diana AsatryanbyDiana Asatryan
May 3, 2017
in Banking, Payments
Reading Time: 2 mins read
0
Share on Facebook

Mobile wallet adoption may not be gaining traction for most, but Apple is an exception.

During the quarterly earnings call yesterday, the tech giant unveiled Apple Pay growth stats from its global markets, citing a 450% increase in transaction volume in “the last 12 months.” According to CEO Tim Cook:

Apple Pay is experiencing phenomenal traction. With the launch of Taiwan and Ireland in the March quarter, Apple Pay is now live in 15 markets with more than 20 million contactless-ready locations, including more than 4.5 million locations accepting Apple Pay in the U.S. alone.

We’re seeing strong growing usage as points of acceptance expand, with transaction volume up 450% over the last 12 months. In the UK, for example, points of acceptance have grown by 44% in the last year, while monthly Apple Pay transactions have grown by nearly 300%. In Japan, where Apple Pay launched last October, more than 0.5 million transit users are completing 20 million Apple Pay transactions per month. And we’re always excited to see our partners bring their customers new ways to use Apple Pay. You can now even send a Starbucks gift card via iMessage with just a touch.

This is the second consecutive quarter where Apple reported impressive growth for its mobile wallet; during its last quarter (reported in Jan. 2017), Apple Pay showed 500% growth in transaction volume, as the company expanded to four new countries, including Japan, Russia, New Zealand, and Spain.

The company did not disclose Apple Pay’s transaction volume growth for the U.S. market. Bank Innovation reached out for further comment.

Apple Pay is leading the pack among the most popular digital wallets out there. In fact, according to a recent report, Apple Pay, Samsung Pay, and Android Pay — the largest mobile wallets out there — will together sign more than 150 million users by the end of the year, with Apple Pay users making up about 57% of that market. The study estimates that Apple Pay will hit 86 million users in 2017 globally.

The combined market share of Apple, Samsung, and Google (via Android Pay) is expected to reach 56% of total mobile contactless payments by 2021, the study suggests, with the combined userbase exceeding 500 million.

Tags: Android PayAppleApple Paydigital walletExclusivemobile paymentsSamsung Pay
Previous Post

Best Way to Drive In-Store Traffic? Facebook, Study Says

Next Post

New Challenger Bank Bets Millennials Want the Bank Branch

Related Posts

the Felix Pago WhatsApp-based digital app on a mobile phone
Payments

Felix Pago raises $200M to expand into financial services

September 1, 2026
(Courtesy/Bank Automation News)
Banking

Google Cloud uses Deutsche Bank to hone its finance agent

August 31, 2026
agentic
Banking

Slash launching AI agents for business banking

August 31, 2026
Next Post

New Challenger Bank Bets Millennials Want the Bank Branch

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account