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Apple Pay tops the list for retailers, globally

07 Mar 2016

Apple Pay is now supported by 27 more card issuers, and will be supported by several more businesses throughout the year.

Apple’s technology is the most requested mobile payments service when it comes to retail tech investments.

According to research by investment bankers Piper Jaffray, the ability to integrate a service like Apple Pay is a key priority for retailers when selecting a payments vendor. In a survey of 507 companies, 44% are either using or have asked about implementing a mobile payment system.

Apple Pay tops the list with 67% requesting it from their payments provider. Google’s Android Pay and Google Wallet came second with 18%, followed by PayPal with 8%.

Mobile payments aren’t exactly new, even if all previous attempts to kill the wallet have failed miserably. Now that Apple Pay is available to all iPhone 6 and 6 Plus users, however, mobile payments are heating up. Banks, stores, and companies are jumping on the bandwagon and eagerly pledging their support for Apple Pay.

It seems as if new partners are joining every day, so we’ve put together this handy list of all the major partners, which we’ll update as more are added. Here are all the brands and countries that support Apple Pay.

Apple Pay around the world

Initially, Apple Pay only worked in the United States, but Apple is interested in bringing the service to users in many countries. Australia, Canada, the U.K., and most recently, China have all joined the list of countries where Apple Pay is live. Hong Kong, Singapore, and Spain should also get the service soon.
Although cracking the Chinese payments market is considered extremely tough, Apple Pay got a boost from the Industrial and Commercial Bank of China, which is the biggest lender in the country, Reuters reported. In total, Apple has 19 of China’s biggest banks on-board, and around 80 percent of Chinese credit and debit cards will work on the service from the get-go. The main disadvantage Apple faces in the country is the prevalence of other mobile payment services like Alibaba’s AliPay, WeChat, and UnionPay.

Read more/source: Digital Trends and Talking Payments