Apple Pay accounted for 92% of 2 billion U.S. mobile wallet purchasesThe other 8% was Samsung and Google Pay...
What you need to know
A new study says there were 2 billion debit transactions on Apple Pay, Google Pay, and Samsung Pay in 2020.
According to Pulse, 92% of those were made through Apple.
The average transaction value also jumped from $15 to $23.
A new report indicates that Apple Pay accounted for some 92% of approximately 2 billion U.S. mobile wallet transactions last year, dominating Samsung and Google Pay.
A new report from Pulse indicates that the pandemic prompted U.S. consumers to make fewer but larger debit purchases last year, generating a "strong increase in total debit spending."
The report notes that for the first time in 16 years of the study debit transactions declined in total number, however, spending grew by 8%, with average transaction value jumping from $15 to $23 year on year. Of the 2 billion mobile wallet transactions made in the U.S. last year, Apple Pay accounted for some 92% of them, according to the study:
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Apple Pay accounted for 92% of 2 billion U.S. mobile wallet purchases
