Apple Pay U.S. Merchant Acceptance Reaches 1 MM, up 400 Percent since Launch (July 16, 2015)
Apple Pay this month has reached a new milestone: More than 1 million U.S. merchants now accept the m-payments service, according to new data from Ingenico. The latest retail implementations represent a 400 percent increase in Apple acceptance locations from its launch in October 2014.
There have been hiccups with a few merchants—Chevron promised it would accept Apple Pay at the outset, and reportedly only a handful of stores currently are enabled. And a Reuters report in June suggested Apple is struggling to sign up more top retailers. But hundreds more U.S. merchants in recent weeks have gone live with Apple Pay, including several major grocery chains. Winn-Dixie, Staples and Sephora now accept Apple Pay; Dunkin Donuts, Best Buy, Kohl’s and Baskin Robbins will soon complete their integrations.
Hundreds of U.S. banks now support Apple Pay, and Discover is on track to begin supporting it this fall, according to Apple Inc. When Discover comes aboard, Apple Pay will accept credit and debit cards across all major card networks, representing 98 percent of all credit card purchase volume in the U.S., Apple said last month.
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