• Home
  • Apple Pay
  • News
  • Apple Pay Takes Top Spot From Starbucks as Most Popular Mobile Payment Platform in the US

Apple Pay Takes Top Spot From Starbucks as Most Popular Mobile Payment Platform in the US

Apple Pay Takes Top Spot From Starbucks as Most Popular Mobile Payment Platform in the US

Apple Pay is now the most popular in-store mobile payments system in the United States. A new report claim Apple’s mobile payments system has taken the top spot away from the Starbucks mobile app.

eMarketer says Apple Pay snagged the top spot last year, when 27.7 million Americans used the app to pay for a purchase. Apple Pay has grown even more since then.

In 2019, Apple Pay users should total 30.3 million, or 47.3% of mobile payment users. In comparison, Starbucks counts 25.2 million in its app’s camp, accounting for 39.4% of mobile payment users.

“‌Apple Pay‌ has benefited from the spread of new point-of-sale (POS) systems that work with the NFC signals ‌Apple Pay‌ runs on,” said eMarketer principal analyst Yory Wurmser. “The same trend should also help Google Pay and Samsung Pay, but they will continue to split the Android market.”

The analysis, using data from Digital Trends, predicts Apple Pay will be available in 70% of U.S. retailers by the end of this year. While Starbucks has held a 40% of the mobile payments market over the last years, its growth potential is more limited than a general payment system like Apple Pay, as it is only available for use in Starbucks stores.

Nearly 64 million folks are expected to use mobile payments this year, accounting for 30% of all U.S. smartphone users. That’s a 9.1% year-over-year increase over 2018. Growth of mobile payments usage is expected to be strongest in the 25 to 34 year old age group, which is 50% of all smartphone users.

Total spending via contactless mobile payments systems will near $100 billion this year in the U.S., says the eMarketer report. The average user spends $1,545 per year via contactless payments, a 24% increase over 2018.

Things look good for Apple Card in all this, as eMarketer forecasting analyst Vincent Yip says that while “a growing number of millennials feel secure using payment apps, virtually all still find credit and debit cards equally convenient.”

  1. 66088 919310hi and thanks for the actual blog post ive recently been looking regarding this specific advice on-line for sum hours these days as a result thanks 694685

  2. 612608 529810I surely did not comprehend that. Learnt 1 thing new today! Thanks for that. 605090

  3. Smart Rack says:

    953762 355534Absolutely nothing greater than Bing discovering us a great web site related to what I was searching for. 65203

  4. 368018 727863Awesome material you fellas got these. I truly like the theme for the internet site along with how you organized a person who. It is a marvelous job For certain i will come back and take a look at you out sometime. 255826

  5. 257352 696381I undoubtedly didnt comprehend that. Learnt some thing new nowadays! Thanks for that. 862562

Leave a Reply

Your email address will not be published.