“Apple Pay should get a major lift within the next five years from a pair of factors, according to new research, most notably contactless support demanded by credit card giants Visa and Mastercard,” Roger Fingas reports for AppleInsider.
“By 2020, both companies will require payment terminals in many markets to offer the technology, Juniper Research noted. The lack of compatible sales terminals has been a consistent obstacle in U.S. Apple Pay adoption, such that some retailers,” Fingas reports, “have promised support for years without delivering.”
“U.S. contactless payments at retail are forecast to rise from 2 percent this year to 34 percent by 2022, Juniper said,” Fingas reports. “Globally, figures are predicted to rise from 15 percent to 53 percent, reflecting the technology’s greater popularity in countries like Poland, Japan, and the U.K.”
Read more in the full article here.
MacDailyNews Take: Simply for the convenience and speed, we use Apple Pay whenever and wherever it’s available.
Apple Pay usage estimated to rise sharply in United States due to frustration with slow Chip-and-PIN cards – August 21, 2017