What's New in Payments

Apple CEO: Mobile payments taking off more slowly than expected

Apple’s Tim Cook dishes on taxes and the demise of money — Cnet — “In October 2016, Cook said Apple was going to kill cash. But Tuesday, he sounded less sure that it would happen anytime soon. ‘I’m hoping that I’m still going to be alive to see the elimination of money,’ Cook said during the shareholder meeting. ‘Mobile payments have taken off slower than I personally would have thought if you asked me sitting here a few years ago.’”


What's New in Payments

Apple Pay to launch in Brazil ‘soon’

Apple Pay expanding to Brazil soon — MacRumors — “Apple Pay is set to expand to Brazil later this year, Apple CEO Tim Cook revealed in today’s first quarter earnings call. While Apple didn’t provide an exact date for the launch of Apple Pay in Brazil, Cook did say it would come soon… Apple Pay grew 50% year-over-year, and it is now accepted at more than half of all retail locations in the United States, and at two-thirds of the country’s top retailers. Global Apple Pay purchase volume was also up.”


US Senator asks Apple CEO to clarify Face ID privacy concerns

Sen Franken presses Apple to address privacy concerns over iPhone X’s ‘Face ID’ technology — Senator Al Franken — “Substantial questions remain about how Face ID will impact iPhone users’ privacy and security, and whether the technology will perform equally well on different groups of people. To offer clarity to the millions of Americans who use your products, I ask that you provide more information on how the company has processed these issues internally, as well as any additional steps that it intends to take to protect its users.”



What's New in Payments

Apple Pay transactions grew 450% in the last 12 months, Tim Cook reports

Apple Pay

Apple Pay is experiencing “phenomenal traction”, with transaction volume up 450% over the last 12 months, Apple CEO Tim Cook has revealed. Monthly Apple Pay transactions have grown by nearly 300% in the last year across the UK, while in Japan more than half a million transit users are completing 20m Apple Pay transactions per month. More





What's New in Payments

Cook: Apple Pay has “hit an air pocket”

Apple CEO Tim Cook told attendees at the company’s annual shareholder meeting this week that Apple Pay “hit an air pocket” this year with adoption in the US trailing other countries, such as China and Australia, where NFC is more broadly available, AppleInsider reports from the event... More