Apple Pay exceeding expectations with 400 percent user growth in 2016
During Apple's quarterly financial results call for the third fiscal quarter of 2016, CEO Tim Cook shed more light on Apple Pay's adoption and growth with purchasers and retailers.
Cook noted that Apple Pay's monthly users are up over 400 percent year over year. Out of the nine markets in which Apple Pay is live, more than half of the service's transaction volume is coming from outside the U.S.
Additionally, Cook noted that three million retailers now accept Apple Pay in the U.S. Worldwide, there are more than 11 million points of sale across all participating Apple Pay countries. Retailers are telling Apple that three out of four contactless payments in the U.S. are being made with Apple Pay, instead of competing services Android Pay or Samsung Pay.
