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  5. Apple Pay leads mobile payment sector claims new research

Apple Pay leads mobile payment sector claims new research

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Apple Pay leads mobile payment sector claims new research

Apple Pay is the leading mobile payment system, with rival offerings from Samsung and Google taking joint second place.

That’s according to mobile payment researchers at Crone Consulting. Their analysis shows that Apple Pay is used by around 12 million iPhone owners a month to make payments.

That compares with five million each for Google’s Android Pay and Samsung’s recently launched offering.

However, the sector is in for a reality check after the same research showed that just 6% of iPhone owners make use of Apple Pay. Samsung sits at 4% and Android at a mere 1%.

That suggests that mobile payment services are still a long way from becoming mainstream, with many consumers preferring to use their contactless payments cards instead.

The good news for both Samsung and Google is that their services are only around six months old and appear to be quickly eating into Apple’s service, which was launched in the summer of 2014 in the U.S. before getting a UK release last year.

Source:

Bloomberg

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