Apple Pay touches 1B Q3 transactions

Apple CEO Tim Cook gushed about the company's mobile-payment service during a Q3 earnings call Tuesday as Apple Pay saw some 1 billion transactions in the quarter.

That figure is triple the amount from March 2017, according to Cook. He claimed during an earnings call that the Q3 Apple Pay figures were more Square transactions, as well as higher than mobile transactions made through PayPal. 

In related news, Apple announced Apple Pay acceptance is coming to CVS and 7-Eleven this fall.

CVS once famously eschewed Apple Pay and other NFC mobile wallets in 2014 because the pharmacy chain at the time was a member of the now-defunct Merchant Customer Exchange. 

Cook also announced Apple Pay would debut in Germany later this year. 


Topics: Contactless / NFC, Handsets / Devices, In-App Payments, Mobile/Digital Wallet, POS, Retail, Trends / Statistics

Companies: Apple, CVS Health


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