Apple Pay expands to support 90 percent of US credit card purchase volume
Apple today confirmed to the New York Times that its mobile payment service, Apple Pay, has expanded in recent weeks to include more than a dozen new banks and retailers. This expansion in the mobile payment service follows an earlier surge in new participants, which included the Disney Store app, Sephora and Tickets.com.
New banks enrolling in Apple Pay include TD Bank North, Associated Bank, WesBanco and others. With this expansion, Apple confirmed that its payment service now has widespread bank adoption, supporting cards that account for 90 percent of the credit card purchase volume in the US.
Staples also now is accepting Apple Pay at its 1,400 stores as are grocery store chains such as Albertsons and Winn-Dixie. Also new to service is the Amway Center in Orlando, Florida. Home of the Orlando Magic, the sports and entertainment venue is accepting Apple Pay at its food and retail stands during events.
Apple rolled Apple Pay earlier this year, and the service has grown steadily since its introduction. Apple Pay reportedly accounts for 50 percent of all tap-to-pay transactions and up to 1 percent of all transactions at retailers like Whole Foods.
