“For years, payments industry insiders have been skeptical of the rise of the mobile wallet, a vision of the future where customers eschew wallets for credit cards stored on their smartphones,” Mike Isaac reports for The New York Times. “And then came Apple Pay.”
“Two months after the introduction of Apple Pay, I decided to see how well merchants were in handling the new product. Below is my recent daylong experience of trying to buy various things at a random sampling of retailers in Manhattan that accept Apple Pay,” Isaac reports. “The Toys R’ Us in Times Square is one of the largest toy stores in the world — 110,000 square feet, and almost always crowded… I grabbed a miniature stuffed giraffe and headed to the long check-out line. My cashier was a nice woman who immediately knew what I meant when I asked if the store took Apple Pay. Not only did she know about Apple Pay, she knew other mobile wallets like Softcard, Google Wallet and PayPal; Toys R’ Us accepts them all. Lately, she said, many more people were using their phones to pay for things.”
Much more in the full article here.