Mobile payment systems have been around fro a while and are still getting increasingly popular worldwide. with that in mind, the world's biggest tech giants are trying to get into the niche, which is expanding at an unprecedented rate. It is not accidental since payments with mobile devices via touch-to-pay terminals are convenient and secure.
Now, when Apple launched its own service named Apple Pay, the popularity of such payment methods seems to have boosted drastically, thereby taking the industry to a whole new level. At the same time, more and more experts predict that the service is going to become a new standard of mobile payments in the near future, with millions of businesses joining Apple pay in the near future. Indeed, Apple's efficient marketing coupled with support of a whole army of retailers contributes to this. For example, despite the fact that Apple Pay was launched on early slightly more than 2 months ago, it already accounts for 1% of payments in the Whole Foods Market chain of retailers located in the USA, Canada and Great Britain, Market Leader reports. This is an outstanding result.
Some other Apple partners show even more promising performance. For example. McDonald's reports that Apple PAy is used in 50% of the cases when people pay via touch-to-pay terminals!
With that said, it seems like Apple Pay has become some kind of a catalyst for the global interest in mobile payments. Anyway, after Apple Pay was launched, experts witnessed an increase in the registrations in Apple Pay's counterpart - Google Wallet.
According to MAsterforex-V Academy, Apple's stock is down a bit against yesterday's price. AAPL is down by 0,69% and is currently trading around $114,67 per share, according to the chart below, courtesy of MAsterforex-V Academy.
