NEWS
Apple Pay Expanding to the UAE, Denmark, Finland, & Sweden
3050
2017-08-02
Posted by 3uTools

Buried in today’s Q3 2017 Apple earnings call was Luca Maestri’s announcement that Apple Pay is coming to a handful of new countries by the end of the year. The Apple CFO announced that Apple Pay will come to the UAE, Denmark, Finland, and Sweden by the end of this year…

 

Apple Pay Expanding to the UAE, Denmark, Finland, & Sweden


Maestri didn’t offer any specific launch information, simply saying Apple Pay is “scheduled to go live before the end of this calendar year” in those countries. Most recently, Apple Pay expanded to Italy and it continues to expand to new banks around the world.


Maestri also offered some additional details on Apple Pay’s growth, saying the service accounts for 90 percent of all mobile transactions around the world and is hugely popular outside of the United States where infrastructure is more advanced and compatible with NFC:


Apple Pay is by far the number one NFC payment service on mobile devices with nearly 90% of all transactions globally. Momentum is strongest in international markets where the infrastructure for mobile payments has developed faster than in the US. In fact, three out of four Apple Pay transactions happen outside the US.


And with the launch of iOS 11 this fall, users in the US will be able to make and receive person-to-person payments quickly, easily, and securely.


Apple’s Q3 2017 earnings call was full of interesting tidbits and information. CEO Tim Cook commented on United States manufacturing, working with the Chinese government, the iPhone 8’s effect on current iPhone sales, and much more. Read our full live blog of the call right here.


Source: 9to5mac

Related Articles
Apple Pay Will be Available in China in 2016 Consumer Reports Crowns Apple Pay Cash Best P2P Payments Service Apple Releases Fifth iOS 11.2, macOS 10.13.2, And tvOS 11.2 Betas iPhone X: Six Core A11 Fusion Chip, Wireless Charging Hints, Apple Pay + Face ID Details and more Apple Pay Goes Live in Japan, With Glitches for Transit Users Why Apple Pay Has a Poor Performance in the US? How to Solve the Problem of Apple pay Could Not Add Card Apple Pay Adds An Additional 14 New Banks And Credit Unions in China