Retailers Take a Bite out of Apple Pay

Study reveals that more than 67% of Apple Pay users feel the mobile payment service is more secure than swiping cards.

July 17, 2015

ALPHARETTA, GA – In less than a year after launching, Apple Pay has reached more than 1 million merchants. Ingenico Group offers insights (PDF) into how the mobile payment solution has achieved its vast growth since October 2014, and why it continues to gain momentum in the United States.

“There’s no question that Apple Pay has solidified NFC’s role in mobile payments,” said Thierry Denis, president, North America, at Ingenico Group. “As longstanding drivers and supporters of payment innovation, we will continue to back this technology, and other NFC-based payment innovations, as they emerge.”

One of the more recent adopters of Apple Pay, Best Buy, said in a press statement that it expects consumers to be able to use the mobile payment method for in-store purchases later this year. Best Buy was a supporter of the Merchant Customer Exchange (MCX), a consortium of retailers such as 7-Eleven, Walmart and Target, that developed a competing mobile-payments system called CurrentC.

“Today's consumers have many different ways to spend their money and we want to give our customers as many options as possible in how they pay for goods and services at Best Buy,” the retailer stated back in an April.

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