Tag: united states

Apple Pay has established a dominant position in mobile payments

| February 26, 2015

Apple’s payment service becomes more popular in the US market

Apple Pay is taking over the mobile payments space, while its potential rivals struggle to find traction with consumers. The service launched in October of last year, and has managed to acquire a strong amount of support in a relatively short period of time. Retailers have partnered with Apple to support the payment service, hoping that it will allow them to connect with consumers that like to shop from their mobile devices.

Apple Pay accounts for two-thirds of all mobile payments made in the US

According to the Robert Baird analyst group, Apple Pay now accounts for two-thirds of the mobile payments market in the United States. For the retailers that supported Apple Pay at launch, mobile payment volume has increased by a significant margin. Whole Foods, one of Apple Pay’s launch partners, has reported that the mobile payments it has received have grown by more than 400%. Other retailers have reported similar results because of the payment service and its ability to connect with mobile consumers.

Low number of vendors may continue to support Apple Pay

Apple and Mobile Payments Though Apple Pay is being supported by some big-name retailers, there are still a relatively small number of vendors that use the payment service. Analysts believe that there will be relatively little change in this trend in the coming years. Mobile payments are quite attractive to retailers, but this does not mean that these businesses will support Apple Pay specifically. There are other payment services that offer features that could be more attractive to certain types of businesses and these services are available for the Android platform. Apple Pay is only available for iOS devices.

Apple may have some competition coming from Samsung in the future

Apple Pay’s growing popularity may be stymied in the future by the launch of other payment services. Samsung is rumored to be releasing its own mobile payments service in the near future. Both Apple and Samsung have been competitive with one another in the mobile technology space for years, with Samsung having recently established a modest lead in the device market.

Mobile payments service Apple Pay receives support from the US government

| February 18, 2015

Federal government shows strong support for Apple Pay

Apple Pay has gotten a major boost from the U.S. federal government. Apple has announced that its new mobile payments platform has received approval to accept payments for the federal government. The platform will begin accepting these payments in fall. The platform will be able to accept payments for those visiting federal locations, such as national parks, and will also be used for payment cards issued by the federal government.

Apple Pay’s latest victory may provide the service with the momentum it needs to break into new markets

The support from the federal government is a major victory for Apple Pay, which has come to establish a dominating presence in the mobile payments field. The platform is nearly four months old, having launched late last year, and has already managed to capture a significant portion of the mobile payments market. With the backing of the federal government, the platform is expected to continue gaining momentum, which will be needed to break into the payment markets of other countries.

Mobile payments continue to thrive in the United States

Mobile Payments - AppleMobile payments has become quite popular among consumers in the United States. Many see paying with Apple Pay, and similar services, as a more convenient form of commerce. This is because many of these people already use their smartphones and other devices for many things in their daily lives. Mobile payment services have managed to gain strong support from consumers because of their convenient nature.

Biometric technology helps keep Apple Pay secure

Apple Pay is not only convenient for consumers, of course, as it is also quite secure. The service makes use of biometric technology, which uses biological information, such as a finger print, to protect the financial information of its users. Such technology is becoming more important in the mobile payments field, as the market has become a prime target for malicious groups that would exploit the financial information of consumers. The security measures that Apple has incorporated into its payment platform has received praise from the U.S. government.