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Apple Pay is already much bigger than you thought

December 16th, 2014 at 5:30 PM
Apple Pay Support Expands

This week, Apple announced that its Apple Pay service has grown once again to support dozens of new businesses, including banks, grocery stores, big-box retailers and even Orlando’s Amway Center. With 10 more banks signing on, Apple says that it now supports the cards which constitute about 90% of all credit card purchases in the United States.

FROM EARLIER: This great free app tells you when you’re in a store that accepts Apple Pay

Based on data gathered by The New York Times, Apple Pay is performing well at some of the country’s largest retailers. Whole Foods has processed more than 150,000 Apple Pay purchases and McDonald’s says 50% of all tap-to-pay transactions at its restaurants were from Apple’s new service.

“Retailers and payment companies see Apple Pay as the implementation that has the best chance at mass consumer adoption, which has eluded prior attempts,” Patrick Moorhead, president of Moor Insights & Strategy, told NYT. “They believe it will solve many of the problems they had before with electronic payments.”

Alex Martins, CEO of the Orlando Magic, believes that Apple Pay could help speed up the long lines at basketball games. If you’ve ever waited for a drink at a stadium or coliseum before, you’ve probably got a pretty good idea where Martins is coming from.

If mobile payments take off in the way Apple and its partners believe it can, expect to see the list of businesses continue to expand at a rapid pace in the coming months and years.

Jacob started covering video games and technology in college as a hobby, but it quickly became clear to him that this was what he wanted to do for a living. He currently resides in New York writing for BGR. His previously published work can be found on TechHive, VentureBeat and Game Rant.

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