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Author Topic: Apple Pay is growing four times faster than PayPal  (Read 57 times)
HCK
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« on: October 31, 2019, 04:05:22 pm »

Apple Pay is growing four times faster than PayPal

There were over 3 billion transactions in the September Quarter!

What you need to know

Apple Pay is growing four times faster than PayPal.
Tim Cook gave the news during Apple's earnings call yesterday.
Apple Pay is live in 49 markets and has 6,000 issuers on the platform.
Yesterday Apple announced its earnings for Q4 of 2019, posting quarterly revenue of $64 billion. One of the highlights touched on was the growth of Apple Pay, which helped Apple achieve all time record revenues for its services.

During the call Tim Cook said:


  I want to touch on a number of services in brief. We had all time record revenues from payment services for Apple Pay, revenue and transactions more than doubled year over year, with over three billion transactions in the September quarter exceeding PayPal's number of transactions and growing four times as fast. Apple Pay is now live in 49 markets around the world, with over 6,000 issuers on the platform. We believe that Apple Pay offers the best possibl...

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