Digital wallets are gaining momentum and Apple Pay looks set to be the most popular platform as contactless payments are projected to hit $2 trillion within two years.

As spotted by TechCrunchJuniper Research put out a new report today with the prediction that Apple Pay will account for 50% of global mobile wallet users by 2020. The data took into account competition from Samsung Pay, Google Pay, Huawei Pay, and Fitbit Pay.

The firm believes 2020 will see 450 million users taking advantage of mobile wallets with Apple making up for 225 million of those users. Specifically, Juniper predicts mobile wallets will make up for 15% of the $2 trillion total contactless spending by 2020.

With recent Apply Pay expansions like the release in Poland, Apple’s platform has been shown to be growing much more rapidly than competitors like Google Pay.

Apple is also continually adding more banks to supported countries and is rumored to offer an Apple Pay-branded credit card next year.

Meanwhile, regular Apple Pay promotions with discounts from a variety of retailers have been consistent over the last several months.


Check out 9to5Mac on YouTube for more Apple news:

FTC: We use income earning auto affiliate links. More.


Check out 9to5Mac on YouTube for more Apple news:

You’re reading 9to5Mac — experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author