“Apple seems to have nailed it with Apple Pay, its users are already three times more likely to spend $250 or more than are those on other services, the latest Retale survey claims,” Jonny Evans writes for Computerworld. “Apple Pay users are more worried about losing their iPhone than data breaches (29 percent versus 26 percent), suggesting they feel secure with the system. Over one million credit cards were activated on Apple Pay within the first 72-hours of introduction while around 5 percent of US retailers already accept it.”
“PayPal is the most popular in-store mobile pay option (51 percent) with payment systems from banks as the second choice (21 percent). Apple Pay is already the choice of 10 percent of those surveyed, while, despite Android’s dominant market share and three years of availability, Google Wallet is used by a pathetic 8 percent, Retale reveals,” Evans writes. “This sense of security means that while just 12 percent of the Retale survey group said they would be comfortable using mobile pay for a purchase over $250, iPhone users were three times more comfortable with this kind of spending.
“The sense of security is driving use. Over 50 percent of in-store payments made at McDonalds burger joints were made with Apple Pay while Whole Foods processed over 150,000 Apple Pay transaction in the first three weeks of the service,” Evans writes. “Walgreens mobile payments have doubled.”
Read more in the full article here.
MacDailyNews Take: Boycott CVS and Rite Aid and any other company that willfully turns off NFC in a effort to block the vastly more secure, much more private, and far easier-to-use Apple Pay service.
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