It's been almost four years since Apple debuted Apple Pay wireless payment technology. Since then, little by little it has been expanding to more countries and for many users it has become a fundamental tool when making day-to-day payments.
Outside the United States, the number of banks and credit institutions compatible with Apple Pay is still very small if we compare it with what is currently available in the United States, where they are already available today. more than a thousand the number of banks and credit institutions that offer Apple Pay to their users.
According to Jennifer Bailey, vice president of Apple Pay, the iPhone has changed the operation of many stores, where mobile payment has become increasingly common, so common that businesses have not wanted to be left out and currently Apple Pay is already available in half of all businesses in the United States. Bailey says that the iPhone leads purchases made by smartphones with a share of only 25% in the United States. In second position, although Bailey does not comment on it, is the electronic payment platform of the Korean company, Samsung Pay, followed by PayPal.
At the time of its launch, Apple Pay was in 3% of merchants, a share that has grown exponentially, almost 4 years later, to reach 50%, some more than impressive figures, and which show that users are increasingly aware that this form of payment is much more comfortable, faster and safer . Bailey also says that Apple Pay has played a key part in the rise of commerce through mobile devices among retailers.