What's New in Payments

Apple Pay users doubled in 2017 to 127m, says top analyst

Annual Apple Pay review: Adoptions jumps, but still a long way to go — Loup Ventures — “The number of banks globally that support Apple Pay increased in the past year by 41% to 2,707 banks. We believe there are 127m global active Apple Pay users, up from 62m a year ago. This represents 16% of the active iPhone base… Between 20% and 30% of US iPhone owners use Apple Pay. ~30% of new iPhones are activating Apple Pay.”




What's New in Payments

Analyst predicts exceptional growth for Apple Pay due to secure element approach

Apple Pay will experience greater success than Android Pay and will “grow exceptionally based on a belief that Apple Pay using a Secure Enclave/secure element inside of iOS has an advantage over Android Pay’s host card emulation (HCE) in that it’s more secure, with a similar user experience,” according to Piper Jaffray analyst Gene Munster... More





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