Why Apple Pay could be big: Analyst
“Apple Pay may be a small part of the tech giant’s portfolio, but since launching in October, it has quickly become the biggest driver of mobile payments for its partners, Robert Baird’s senior research analyst told CNBC on Friday.
Apple’s cashless transactions service now accounts for two-thirds of all U.S. mobile payments, Baird analyst Will Power said. Whole Foods has seen smartphone transactions surge 400 percent since it integrated Apple Pay, and Apple now accounts for 80 percent of mobile payments at Panera.”
http://www.cnbc.com/id/102441925#.
Personally, I’d love to see an alternative to PayPal.
“Whole Foods has seen smartphone transactions surge 400 percent since it integrated Apple Pay.”
No real surprise there. I thought that the surge might be higher with eco liberals shopping at Whole Paycheck and their addictions to I Phones.