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    News in brief

    Apple Pay gets 1m new users every week

    News in brief

    Apple Pay is now signing up 1m new users per week, Apple CEO Tim Cook revealed during the company’s second quarter earnings call. “Apple Pay is growing at a tremendous rate with more than five times the transaction volume of a year ago and 1m new users per week,” Cook told investors. “More expansion of Apple Pay is coming soon.” The mobile payment service is currently live in the US, UK, Canada, Australia, China and Singapore.

    Filed by Email Rian Boden nfcworld.com Published • Last updated 27 April 2016, 11:25

    • .Apple Pay—a proprietary solution to a payments problem that does not exist …

      • Marty1112344

        It’s not proprietry solution, its entirely bassed on emv hence why it works with standard NFC banking terminals, being proprietry Apple would need to create its own banking infastructure, apply just piggy backs off banks infastructure the only thing proprietry is the name Apple pay when. Your paying with visa you are really paying with visa Apple pay just emulates a normal bank card nothing proprietry

        • Ah, shucks, do you really think that I did not already know all that? That’s why I say it is a “proprietary solution” to a payments problem that does not exist …

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