Apple Pay to account for 1 in 2 contactless mobile wallet users by 2020

Apple Pay to account for 1 in 2 contactless mobile wallet users by 2020

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/07/30/apple-pay-to-account-for-1-in-2-contactless-mobile-wallet-users-by-2020/

The number of mobile payments users who tap to pay using a contactless payment solution provided by their mobile device’s maker will grow to 450 million people worldwide by 2020, according to a new forecast from Juniper Research. This includes mobile payment solutions like Apple Pay, Samsung Pay, Google Pay, and others. By this time, Apple Pay will have amassed the largest audience, with Apple accounting for 1 in 2 of these “OEM Pay” users globally – meaning those using wallets provided by the original equipment manufacturer, as opposed to a third-party app.

The forecast includes newcomers to the market, like Fitbit’s odd entry with Fitbit Pay, offered with select editions of its Versa smartwatch, for example. But not surprisingly, the analysts don’t believe these alternatives will amass much market share over the next few years.