The number of transactions Apple Pay during the year increased by 500%

According to Apple’s quarterly report, the company recorded record revenue, number of sold iPhones, “smart” watches Apple Watch and Mac computers. In addition, the payment service Apple Pay is also able to show considerable growth.

As told the head of the company Tim cook, the number of transactions in the corporate payment system of the company for the year increased by 500% and the number of users ā€” three times. In addition to the U.S. Apple Pay works in Australia, Canada, China / Hong Kong, France, Germany, Japan, New Zealand, Poland, Russia, Singapore, Spain, Switzerland and Taiwan.

Apple pointed to a high degree of security in Apple Pay. The company does not store map data users, and creates for each unique account number device. If each transaction also generates a token that does not match the number of the physical card. If an attacker gets those numbers, he can’t steal the funds because it needs the gadget.

Apple Pay works anywhere that accepts contactless payments ā€” from supermarkets and hotels to cafes and restaurants. At the moment, more than 2 million small businesses to support online payment via Apple Pay. An important achievement for kupertinovtsy is the fact that the popular in USA television provider Comcast will begin accepting online payments service to Apple in the next quarter.

In Russia, the service “Yandex.Cashier” began to provide companies with the ability to accept contactless payments through Apple Pay.

Clifton Nichols

Clifton Nichols

Hi! Iā€™m Clifton and I am a full-stack engineer with a passion for building performant and scalable applications that are beautiful and easy to use.

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