Visa, Apple Pay, & The One Card to Rule Them All

October marks the tenth anniversary of Apple Pay, which had somewhat of a slow start, but by its fifth year was giving PayPal a run for its money: Since then, Apple Pay has gone on to become one of the most successful consumer payment products in history. Here are some numbers illustrating the scale of Apple Pay, according to research from Capital One Shopping: 640 million people worldwide are Apple Pay users 60.2 million people in the United States are Apple Pay users Over 90% of U.S. retailers accept Apple Pay As a result of this scale, Apple Pay is responsible for trillions of dollars of payments volume around the world each year. In 2022, for example, Apple Pay generated an estimated $6 trillion in payments volume and made $1.9 billion of revenue for Apple, according to Capital One’s research. And every time a transaction is initiated via Apple Pay, banks pay Apple 0.15% of the transaction amount. In 2019, Apple launched its own credit card, powered by Goldman Sachs, making it dire

October marks the tenth anniversary of Apple Pay, which had somewhat of a slow start, but by its fifth year was giving PayPal a run for its money: Since then, Apple Pay has gone on to become one of the most successful consumer payment products in history. Here are some numbers illustrating the scale of Apple Pay, according to research from Capital One Shopping: 640 million people worldwide are Apple Pay users 60.2 million people in the United States are Apple Pay users Over 90% of U.S. retailers accept Apple Pay As a result of this scale, Apple Pay is responsible for trillions of dollars of pa