According to a Bernstein analyst report cited by Quartz, Apple Pay already accounts for 5% of global credit card transactions, which is pretty solid when you consider that the service is only five years old. That easily outpaces other mobile provider networks, such as Samsung Pay and Google Pay, and is starting to encroach on territory that PayPal has owned for many years.
image credit: Apple
When Apple Pay was first introduced along side the iPhone 6 and iPhone 6 Plus, the bulk of the attention for the service that allows customers to pay for products at participating stores that support NFC technology, was centered around the two new mobile devices. After all, the new iPhones are the only Apple products that currently contain NFC chips capable of paying at merchant terminals. While this is all true, few people realize that you can also use Apple Pay on your iPad. Don’t worry, we’re not suggesting you walk into a Whole Foods store and buy your free-range eggs with your iPad, or attempt to pay for your next Big Mac at the Drive-Thru window–although that would be fun to watch.