“NFC-based mobile payments have had a boost in recent months, possibly thanks to the launch of Apple Pay, which was announced in September,” Megan Geuss reports for Ars Technica. “Now, a person with knowledge of the matter tells Ars that Google Wallet, which launched back in 2011 and saw tepid success in the ensuing three years, has had considerable growth in the last couple of months.”
“According to our source, weekly transactions have increased by 50 percent, and in the recent couple of months, new users have nearly doubled compared to the previous month,” Geuss reports. “Although it’s still unclear whether Apple Pay will gain the critical mass of users necessary to become a true checkout stand alternative, Tim Cook recently said that one million cards were activated on Apple Pay in the first 72 hours of the platform’s launch.”
Geuss reports, “It seems that interest in the platform is buoying Apple’s predecessor among Android users as well.”
Read more in the full article here.
With Apple Pay breakthrough, everybody wins – November 4, 2014