Apple Pay on the Rise – TXN (Jan 23, 2017)

The headline here is a positive one about Apple Pay, whose adoption does seem to be on the rise, as this data from consumer spending analytics app TXN suggests. However, it’s also worth noting that the actual penetration of Apple Pay within the set of retailers in the data is still very low – no retailer has higher than 4% of their total credit card transactions going through Apple Pay, and that includes those that have iOS apps where it is by far the easiest way to pay (assuming you have Apple Pay set up in the first place). Apple Pay continues to be a fantastic technology where it works, but it still works in relatively few places, and as such most users haven’t been able to develop the habit of trying to use it everywhere. Even where it seems it might work (e.g. my local CVS) it often fails, which causes embarrassment and a barrier to trying again next time. We’re still waiting for the big tipping point for mobile payments like Apple Pay to go truly mainstream – for now it’s mostly still a niche technology.

via Apple Pay on the Rise – TXN


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