use cookies Although the services user base is still growing, Apple Pay is most popular among younger consumers. Namely, there are currently 212,389 sites there that accept Apple Pay. Apple itself does not share this information, although there are estimates that the number of iPhone users that activated Apple Pay grew by more than 65 million people in Mobile payments transaction volume reached $1.7 billion in 2021, a 27% annual increase. However, there are some worrying statistics in the report that do not bode well for Apple Pay. Apple Pay usage statistics show that less than 1 in 4 people actually use the service on a regular basis. Any questions for the author? Loading up credit cards on an iPhone is still relatively easy and doesnt require much in the way of authentication. Then you can access your favorite statistics via the star in the header. According to the survey released in November 2020 and conducted from Around 93% of US smartphones had More feedback? The top five comprises exclusively Chinese services AliPay (93%), WeChat Pay (86%), UnionPay (43%), JDPay (24%), and Tenpay (20%). Past performance is not an indication of future results. Statista. Apple Pay gained 66 million new users in 2020. To use individual functions (e.g., mark statistics as favourites, set That is to say, nearly one out of every five consumers will be an Apple Pay user. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook According to the latest Apple Pay statistics, the number of Apple Pay users is forecast to hit 45.4 million in 2022. Check out the data below to learn more. Again, most of those websites (212,389) are registered in the United States. Cryptocurrencies can fluctuate widely in prices and are, therefore, not appropriate for all investors. AliPay and WeChat Pay, the two Please create an employee account to be able to mark statistics as favorites. Profit from the additional features of your individual account. This was just 1.2% of the companys combined annual revenue of $80 billion from the services it provides. 2.64%. Chart. In recent years, new versions of the iPhone have been announced on an annual basis, meaning Apple will likely unveil the iPhone 14 in 2022. iPhones are assembled in factories located in China, Malaysia, South Korea, Thailand, and the Czech Republic. Currently, you are using a shared account. As of September 2019, it was estimated that 49 percent of iPhone users worldwide had activated Apple Pay, so far an increase from the 33 percent usage reach in the previous year. Chart. Market Share & Web usage statistics Apple Pay Apple Pay payments on the web provides an easy and secure way to pay on websites in Safari. The second on the list is the United States, with 54% of POS transactions and 21% of online payments, followed by Canada with 54% and 20%. COVID-19 and the related lockdowns have boosted the popularity of contactless payment and mobile wallets. A paid subscription is required for full access. Are you interested in testing our corporate solutions? But the data for Apple Pay suggests that customers use it for a variety of products and services. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research expert covering finance, insurance & real-estate, internet & e-commerce, Profit from additional features with an Employee Account. With the contactless payment market set to reach $1.5 trillion in transactions by 2024, theres plenty of room for Apple Pay to grow. This site is protected by reCAPTCHA and the Google. Investing is not suitable for everyone; ensure that you have fully understood the risks and legalities involved. Why is that, and how do you use Apple Pay? Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook Chart. COVID-19 is accelerating the pace of cashs decline faster than even the most bullish projections, the report said. The iPhone revolutionized the mobile industry when it was first launched in 2007. By using Touch ID or double-clicking Apple Watch, users can quickly and securely provide their payment, shipping, and contact information to check out with just one touch. While the product only accounts for about 5% of the companys revenue, Apple was the top tablet vendor of 2021. A survey released during 2021 reveals that mobile wallet debit transactions grew by over 50 percent in 2020. navigation, form submission, language detection, post commenting), downloading and purchasing We may receive financial compensation from these third parties. You only have access to basic statistics. When it comes to the App Store, millions of active apps are available, yielding billions of downloads each year. Learn more about how Statista can support your business. How to Use Apple Pay for Business. Latest apple pay data and analysis from Insider Intelligence including reports, charts, and articles. Our iPad statistics indicate that Apple is dominating the global tablet market. Was this article helpful? As you browse, remember to make the most of our Mac cleaner and antivirus products to optimize your computers performance while also protecting your data. In apps and online. As for monthly users, the number for Apple Pay stood at 23% enough to leave the competitors like Venmo (#2), CashApp (#3), and PayPal (#4) behind. Whether youre a tech enthusiast or a marketer gathering data, the above Apple statistics are a great source of information about the company. Also, we can take a look at the presence of specific sectors in the Apple Pay ecosystem and the perspectives and anticipations for the future. People also used Apple Pay to order food (7.1%), buy books (8.3%), and purchase furniture (12.6%). and over 1Mio. Even those who werent that thrilled initially are slowly coming around now that it has become almost inevitable as a payment option. Even though Apple Pays system hasnt been hacked, cybercriminals use stolen credit cards and enter them into smartphones to make purchases. It adds: "we estimate, based on survey work as well as the growth in transactions, countries, locations, and supporting banks, that 51% of global iPhone users have enabled Apple Pay. The same survey reveals that 66.7% of US consumers paid for groceries using Apple Pay. In, Worldpay. 1,477 Apple Pay websites that are also using, 1,558,306 Apple Pay websites that are also using, 2,528 Apple Pay websites that are also using, on the Entire Internet in Payment Acceptance, in the Top 10k sites in Payment Acceptance, in the Top 100k sites in Payment Acceptance, in the Top 1 Million sites in Payment Acceptance, most popular in Saudi Arabia in Payment Acceptance, most popular in the United States in Payment Acceptance, most popular in Ireland in Payment Acceptance, most popular in Czech Republic in Payment Acceptance, most popular in Canada in Payment Acceptance, most popular on the Entire Internet in Payment, most popular in the Top 10k sites in Payment, most popular in the Top 100k sites in Payment, most popular in the Top 1 Million sites in Payment, most popular in the United States in Payment, Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, Central European Free Trade Agreement Members, Commonwealth of Independent States Members, Community of Portuguese Language Countries, European Union, European Economic Area and Switzerland, GUAM Organization for Democracy and Economic Development, Majority German-speaking states of Central Europe, Organisation for Economic Co-operation and Development, Organization of the Black Sea Economic Cooperation, Organization of the Petroleum Exporting Countries, South Asian Association for Regional Cooperation, Sovereign states and dependent territories of North America. 5480 banks in 2020 support Apple pay which is 29% high than previous years. But just how successful is Apple in 2022? Register in seconds and access exclusive features. In the United States, Apple Pay has roughly 45.4 million users. Contact Sales: 1-800-405-0844. Industry-specific and extensively researched technical data (partially from exclusive partnerships). This refers to mobile phone users aged 14 and above who pay for their purchases using Apples contactless payment option You can only download this statistic as a Premium user. For every dollar customers spent in-store during Q2 of 2022, 3.1 cents came through Apple Pay. and over 1Mio. One of the key reasons for Apple Pays success was its integration with popular mobile apps, as 57% of transactions recorded that year came from in-app purchases. When comparing two questions from Statista's Global Consumer Survey, six out of 10 respondents from the United Kingdom indicated they had used Apple Pay in a store or restaurant It also marked a 96% increase from $46.9 billion in 2019. Apple Pay adoption stats show that the Cupertino giants solution dominates the market ahead of a surprising competitor Starbucks. This product is one of the main reasons why Apple continues to be a tech giant. By Rian Boden 31 May 2016. Globally, 507 million people used Apple Pay in 2020. Through the Apple Watch, AirPods, Apple TV, and the HomePod, the company continues to expand into new industries. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. For more information please read our full risk warning and disclaimer. Mobile wallet usage statistics are growing at an impressive rate across the board. You only have access to basic statistics. Even though mobile wallets only made for 5.8% of all in-store transactions in 2022s second quarter, Apple Pay still managed to gain a significant lead over its competitors. 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