Apple Pay seems to have dominated the mobile wallet market for transactions in 2020, reports Apple Insider. 2020 is indeed marked with significant growth of the mobile wallet payments sector due to the pandemic.
Apple Pay transactions account for 92% of mobile debit transactions in the US
A study by Pulse has been published, stated that payments using Apple Pay account for the staggering 92% of all mobile wallet payments in the United States for last year. Pulse is a firm responsible for electronic funds transfers and a subsidiary of Discover Financial Services that serves more than 4,400 financial institutions in the US.
