Apple Pay continues to grow as locals continue to support and their services expand on applications. According to a study by Bernstein (via Quartz), Apple's payroll on cell phones will reach 10% of all credit card payments, thus being the only competitor able to stand up to PayPal.
Bernstein analysts have estimated that Apple Pay Services currently accounts for 5% of all credit card transactions
Also, keep in mind that Apple recently introduced its Apple Card Credit Card. Therefore its use and its benefits will encourage more people to use mobile payments and grow the percentage that we're talking about today.
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Mobile payments are here to stay
Apple Pay has gained good acceptance among consumers, its ease of use and its good performance in Apple applications and third-party applications make the app a very convenient and efficient way to pay.
“Apple Pay will not be challenged on major credit cards (credit) in the near future. Apple still needs card networks, ubiquitous and reliable. Visa and Mastercard, meanwhile, are used to make agreements with friends. ”
From Bernstein they express that "Apple Pay is one of the most competitive threats" long term PayPal, which operates in the mobile payments sector. Tim Cook said last year that Apple Pay payouts are growing four times faster than PayPal.