Apple Pay Overview Updated March 24, 2017

Apple Pay

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April 2013 - March 2017

Apple Pay is Apple’s mobile payments solution that allows users to seamlessly use their phone to pay for purchases both in retail stores, apps, and the web. The service was first introduced in 2014 and has been expanding to additional countries ever since then.

Apple Pay is currently available in in Australia, Canada, Mainland China, France, Hong Kong, Ireland, Japan, Singapore, Switzerland, the UK and the United States and it is reported that it is coming soon to Taiwan.

Apple Pay works in retail stores by simply holding your iPhone over a compatible checkout terminal and authenticating the purchase via Touch ID, or your Apple Watch with no further authentication required once you have unlocked the Watch. Apple Pay is compatible with the iPhone 6/6 Plus, iPhone 6s/6s Plus, iPhone SE, iPhone 7/7 Plus, and Apple Watch.

In apps, Apple Pay works by pulling in your card information and seamlessly allowing you to checkout using that card information. This prevents you from having to manually enter your card information every time you want to make a purchase. In addition to working with all of the iPhone models previously mentioned, Apple Pay in apps also works on the iPad Pro, iPad Air 2, iPad mini 3, and iPad mini 4. Apple Pay is supported on the Mac and on the web with iOS 10 and macOS Sierra.

In addition to working with debit and credit cards, Apple Pay also works with rewards cards and store cards. This means that you can add something like your Starbucks card, Walgreens Balance Rewards card, and more to the Wallet app to easily keep track of everything.

To set up Apple Pay on an iPhone, open the Wallet app on iOS 10 and tap the plus (+) icon in the top right corner to begin, then follow the prompts. To add a debit card to the Apple Watch, go to the Apple Watch app on iPhone and look for the Wallet & Apple Pay section, then Add Credit or Debit Card section.

Apple Pay is the dominant mobile payments solution, even forcing its biggest potential competitor to shutdown, and as the service continues to expand, it will only get better. View the full list of retailers and banks that support the service on Apple’s website

Apple Pay Stories March 24

AAPL: 140.64

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Apple Pay has been steadily growing as Apple continues to add support for new banks and rolls out the service to users in more countries, but we have less data on how much its been adopted in retail and among users. Giving some insight to usage, Apple analyst Gene Munster at Loup Ventures today released his “Apple Pay State of the Union” giving a look at adoption among retailers and much more.

Using the Internet Retailer top 100, the data shows retailer adoption as a percentage of potential adoption. The adoption includes all possible points of adoption for the platform including point of sale, in app, and through Apple Pay on the web for website checkout on both mobile and desktop browsers. Among the numbers, 31% have implemented at least one point of adoption, while an impressive 44% of the Internet Retailer 100 have adopted Apple Pay at point of sale. A similar 40% have adopted it as an in-app payment option.

When looking at those that have adopted Apple Pay at all possible points of adoption, it currently sits at 22% for the top 100.

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Apple Pay Stories March 23

AAPL: 140.92

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Apple Pay Stories March 22

AAPL: 141.42

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Apple Pay Stories March 20

AAPL: 141.46

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Apple Pay Stories March 16

AAPL: 140.69

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Apple introduced Apple Pay on the web with iOS 10 and macOS Sierra last fall, and today integrated payments provider WePay announced support for the mobile payment service on Safari. WePay clients include GoFundMe, FreshBooks, Meetup, and other major services.

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Apple Pay Stories March 14

AAPL: 138.99

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More restaurants will soon be offering the option to pay table side with Apple Pay as EMV terminal maker E la Carte announces its newest product that introduces the functionality. You might have noticed the company’s pay-at-table Presto touchscreen terminals at some restaurants already— its two big customers are Outback Steakhouse and Applebee’s— but its new Presto Prime terminal announced today offers a number of enhancements with Apple Pay among them:

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