DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Alternative Payment Solution: Apple Pay" report to their offering.
Apple Pay is a mobile payment solution launched by Apple Inc. (Apple) in US October 2014. At present, the solution is available in 10 markets outside the US: the UK, Australia, Canada, China, France, Hong Kong, Singapore, Switzerland, Russia and New Zealand. Apple Pay is available on a number of Apple devices including the iPhone 6, iPhone 6 Plus, iPhone 6s, iPhone 6s Plus, iPhone SE, iPad Pro, iPad Air 2, iPad mini 4, iPad mini 3, and the Apple Watch.
Apple Pay is accepted at 11 million retail outlets globally, and supports all major payment networks including American Express, Visa, Master Card and China UnionPay. In the US alone, it is accepted at more than 3 million merchant locations and is supported by nearly 1,400 banks, including major banks like Bank of America, Capital One, Chase, Citibank and Wells Fargo. Users can store details of debit, credit and store cards on Apple Pay and can use the details to make payments at merchant outlets.
In addition to in-store payments, it also offers services such as in-app payments and cash withdrawals at ATMs. Most recently in September 2016, Apple Pay expanded to website payments allowing users to shop on websites on the Safari browser with iPhone, iPad, and Macs.
Key Highlights
- Apple Pay was launched in US on August 2015, and expanded its services to the UK in July 2015 and Australia and Canada November 2015, respectively. It expanded to China in February, Singapore in April and Switzerland, France and Hong Kong in July 2016. In October 2016 it was introduced in two new markets: Russia and New Zealand.
- Apple Pay supports all major payment networks, including American Express, Visa, MasterCard, China UnionPay, and around 1,400 international and regional banks and credit unions.
- In 2015, estimated transactions worth US$10.9 billion were run through Apple Pay.
Key Topics Covered:
1. Overview
2. Geographical Presence
3. History Milestones
4. Key Acquisitions
5. Competitor Analysis
6. Performance Highlights
7. Revenue Models
8. Apple Pay partner Banks
9. Apple Pay partner Banks in US
10. Products and Services
11. Significant Events
For more information about this report visit http://www.researchandmarkets.com/research/8npdhr/alternative
