pay

Apple has declared that Apple Pay is off to a “great start” almost a year after its launch with the company seeing steady growth in Apple Pay transactions every month. In a statement to Bloomberg, the company said:

“We’re off to a great start and we are seeing continued, double-digit monthly growth in Apple Pay transactions since launch,” Apple said in an e-mailed statement.

Apple Pay launched last year with the iPhone 6 and iPhone 6 Plus in the US. The service expanded to the UK a few months ago. In Apple’s January investor call, Cook claimed 2015 was “the year of Apple Pay”. However, Bloomberg notes that not everyone is as thrilled with the mobile payments service as Apple is. At both Panera Bread and Firehouse, Apple Pay transactions make up low single-digit percentages of overall purchases…

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Users of Apple Pay in the UK can now spend an extra £10 per contactless transaction, bringing the limit up to a total of £30, thanks to new contactless policy. Until today, the maximum spend on almost all Apple Pay transactions was £20. The £30 total now exceeds the average cost of a supermarket trip making it possible for UK Apple users to take advantage of Apple Pay at more places.

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Following the launch of Apple Pay in the UK two weeks ago, Apple is continuing the rollout with the addition of two major banks, HSBC and First Direct. Customers who have credit cards or debit cards with those banks can start using Apple Pay now. As with other UK Apple Pay transactions, there is a £20 transaction limit at most retailers apart from those with upgraded payment terminals that support higher-value contactless purchases. The £20 limit is getting raised to £30 in September.

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