Apple Pay is one of the most popular mobile payment services in the world, and its usage is growing rapidly. With its convenience and security, it’s no wonder that Apple Pay is becoming increasingly popular.
In this blog post, we will take a look at some of the most interesting Apple Pay statistics, including usage trends, demographics, and more. We’ll also discuss how Apple Pay is changing the way people pay for goods and services, and how it’s impacting the payment industry. So, let’s dive in and explore the world of Apple Pay.
Apple Pay: The Most Important Statistics
There are 2.3 billion mobile wallets in the world, 507 million of which are Apple Pay.
Apple Pay had an estimated 38 million users in the United States and 215 million users outside the United States in the first half of 2018.
Apple Pay: Statistics Overview
Apple Pay use in the UK was higher than in the US and Canada by early 2022, particularly for in-store payments.
This statistic shows that the service is popular in the UK, which could be due to the lack of domestic alternatives. This could be a potential area of growth for Apple Pay, as they could look to expand their services in the UK and other countries with similar trends.
27% of respondents in the US and UK make online payments using Apple Pay.
This fact shows that Apple Pay is gaining traction in two of the world’s largest markets, indicating that it is a viable payment option for consumers. This could lead to an increased usage of Apple Pay in other countries, as well as increased revenue for Apple.
In 2020, an estimated 65 million more people activated Apple Pay, likely due to the rise of contactless payments in response to the COVID-19 pandemic.
This statistic demonstrates that Apple Pay is becoming increasingly popular, likely due to the convenience of contactless payments. This could lead to more people using Apple Pay in the future, which could be beneficial for Apple.
According to the latest Apple Pay statistics, the number of Apple Pay users is forecast to hit 48.7 million in 2023.
This shows the growth and popularity of Apple Pay. It demonstrates that more and more people are using the service and that it is becoming increasingly popular. This can be beneficial to businesses that accept Apple Pay as a payment method, as they can attract more customers and increase their sales. It can also be beneficial to Apple, as it shows that the service is in demand and that more people are using it.
Apple’s global registered user base is estimated to be 507 million strong.
This statistic is important for Apple Pay because it indicates the potential size of the user base for the payment service. With 507 million users, Apple Pay has a large potential customer base that it can tap into for growth and revenue.
Apple Pay had an estimated 38 million users in the United States and 215 million users outside the United States in the first half of 2018.
This shows the growth of Apple Pay users over the past year and the wide reach of payment services outside the United States. This information can be used to inform decisions about marketing and product development for Apple Pay.
Apple reported record revenue of $83.0 billion and earnings per diluted share of $1.20 in its fiscal 2022 third quarter.
This statistic is important because it shows that Apple is continuing to be a successful and profitable company, which means that Apple Pay is likely to remain a viable payment option for consumers. This is important because it provides customers with a secure and reliable payment option that is backed by a successful and reliable company.
Apple Pay had a market share of over 90% in 2020, significantly outperforming its competition.
This means that the company has a strong presence in the mobile wallet market in the US. This indicates that Apple Pay is a popular and successful payment option, which could lead to further growth in the future.
Apple Pay is a small-time player in the online payments market, with only a 3.26% share, compared to PayPal’s 56.55% and Stripe’s 20.94%.
It shows that Apple Pay is not the dominant player in the online payments market. It also shows that it has a lot of room to grow and compete with the more established players.
There are 2.3 billion mobile wallets in the world, 507 million of which are Apple Pay.
This statistic demonstrates the growing prevalence of mobile wallets and the increasing popularity of Apple Pay. It demonstrates the potential of mobile payments and the demand for more convenient and secure payment methods. This statistic also highlights the importance of staying ahead of the curve and investing in mobile payment technology to meet consumer needs.
39% of Americans have never heard of Apple Pay.
This fact reveals the level of public awareness of Apple Pay’s presence in the market. Knowing this level of awareness can help marketers and businesses understand the potential for Apple Pay adoption by customers, as well as the need for public education and marketing efforts to increase adoption. In addition, this statistic can be used to inform decisions about how and where to allocate resources for marketing and education efforts related to Apple Pay.
Transactions made via Apple Pay account for 5% of all card transactions in the world.
This shows the increasing popularity of Apple Pay and other mobile payment methods. It is a sign of how our economy is shifting away from traditional cash and credit/debit transactions, and towards digital payments. This shift is having a major impact on the way businesses and consumers interact. Having an understanding of how much of the payment economy is being driven through Apple Pay and other mobile payment methods is essential for businesses to be able to plan for the future.
43.5% of US consumers own a device that supports Apple Pay.
This statistic shows the prevalence of Apple Pay among US consumers. This can be helpful for businesses to understand the potential customer base for mobile payments, as well as for the development of Apple Pay itself. Knowing how many people have access to the technology is essential to its continued growth and success.
Apple Pay contactless payment method is accepted by more than 85% of US retailers.
This statistic demonstrates the widespread acceptance of Apple Pay as a contactless payment method. This means that customers can shop conveniently with Apple Pay, without having to worry about whether a retailer will accept their payment. This statistic also speaks to the widespread adoption of contactless payment technology, which is growing in popularity as an efficient and secure way to pay.
Check out our latest Apple App Store Download Statistics
Supplementary Statistics
Apple Pay is the most popular mobile wallet app, with 383 million users worldwide.
This is a powerful indicator of the app’s success and a key piece of information for anyone interested in learning more about Apple Pay.
Apple Pay accounts for 9% of all mobile wallet users.
Apple Pay is a viable option for those looking to make payments with their mobile device, and that it is being used by a significant portion of mobile wallet users. This statistic is an important indicator of the success of Apple Pay and its potential for continued growth.
52% of merchants in North America accept Apple Pay.
More and more merchants are recognizing the convenience and security of Apple Pay, and are willing to accept it as a payment method. This is an important indicator of the success of Apple Pay, and is a key statistic to consider when discussing the impact of Apple Pay in the region.
As of 2021, 12% of PayPal users also use Apple Pay.
A significant portion of PayPal users have also adopted the payment platform. It is indicative of the increasing acceptance of Apple Pay as a viable payment option, and serves as a reminder of the platform’s potential for further growth.
In 2020, Apple Pay’s use at POS grew by over 50%.
More and more people are turning to the service for their payment needs. It is a clear indication that Apple Pay is becoming increasingly popular and is a great example of how digital payment solutions are becoming more widely accepted. This statistic is an important part of understanding the current state of Apple Pay and its potential for the future.
Apple Pay was responsible for 92% of mobile wallet transactions in the United States in 2017.
Thus, Apple Pay has become the go-to mobile wallet for many consumers, and that it is a reliable and secure payment option. This statistic is important to consider when discussing the overall success of Apple Pay and its impact on the mobile payments industry.
The 2020 Apple Pay adoption rate in Europe was approximately 38%.
It shows that the payment platform is becoming increasingly popular among European consumers, indicating that Apple Pay is a viable and reliable payment option. This statistic is an important piece of information for anyone looking to gain insight into the current state of Apple Pay in Europe.
90% of all contactless payments on the London transport network are made using Apple Pay.
The majority of contactless payments are made using Apple Pay, indicating that it is a popular and trusted payment method for commuters. This statistic is important to consider when discussing the success of Apple Pay, as it shows that it is a widely used and accepted payment method.
Apple Pay revenue was estimated around $1.05 billion for 2020.
It is a key indicator of the platform’s growth and popularity, and provides insight into the potential of Apple Pay as a payment option. As such, it is an important statistic to consider when discussing Apple Pay statistics.
In 2018, Apple Pay’s revenue was $9.8 million per billion transactions processed.
This is indicative of the platform’s growing popularity and reliability, and serves as a reminder of the potential of Apple Pay as a payment option.
Nearly 70% of U.S. retailers accepted Apple Pay as a payment method in 2019.
It demonstrates the growing popularity of Apple Pay and its potential to become a major player in the digital payments industry.
In 2019, Apple Pay was the most used mobile payment app in the U.S., surpassing Starbucks.
This highlights the fact that Apple Pay has surpassed Starbucks, a well-known and established brand, in terms of usage. This statistic is an important indicator of Apple Pay’s success and is a key point to consider when discussing Apple Pay’s performance.
As of 2021, nearly 24% of iPhone users have made a purchase with Apple Pay.
This demonstrates the growing popularity of Apple Pay and its potential to become a major player in the digital payments industry. Furthermore, it highlights the convenience and security of Apple Pay, which is likely to attract more users in the future.
Conclusion
In conclusion, Apple Pay is a powerful tool for businesses and consumers alike. It is quickly becoming the preferred payment method for many, and the statistics show that it is only going to grow in popularity. Businesses should take advantage of this trend and start offering Apple Pay as a payment option to their customers.
Consumers should also take advantage of the convenience and security that Apple Pay offers. With its growing popularity, Apple Pay is sure to become a major player in the payment industry in the near future.
References
Money Transfer: “Amazing Apple Pay Statistics for 2023 That Will Surprise You”, cited February 2023. (Source)
Statista: “Apple Pay usage either for online payments or at POS in various countries worldwide as of March 2022”, cited February 2023. (Source)
Statista: “Number of Apple Pay users worldwide as of September 2020”, cited February 2023. (Source)
Ecwid: “Apple Pay Usage Either for Online Payments in Various Countries as of March 2022”, cited February 2023. (Source)
EarthWeb: “How many people use Apple Pay in 2023?”, cited February 2023. (Source)
Statista: “Number of Apple Pay users from 2017 to 2018, by region”, cited February 2023. (Source)
Statista: “Global Apple Pay revenue worldwide in 2019 , with a forecast for 2023”, cited February 2023. (Source)
Apple: “Apple Reports Third Quarter Results”, cited February 2023. (Source)
Statista: “Apple Pay, Samsung Pay, Google Pay market share in the United States in 2020”, cited February 2023. (Source)
Oberlo: “Apple Pay usage in the US”, cited February 2023. (Source)
ZipDo, cited June 2023: Apple Pay Statistics
