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CBA sees Apple dominating digital wallets as contactless payments make up 90% of card payments.

According to the Commonwealth Bank of Australia (CBA), Apple enjoys an 80% market share in the field of digital wallets.

The CBA said the number and value of payments from mobile devices is growing rapidly, in response to a joint panel of companies and financial services on mobile payments and digital wallet financial services.

“As of August, about 90% of face-to-face payments for CBA credit and debit cards are contactless payments rather than inserts, and about half of contactless payments are digital devices rather than tapping the card. It is presumed that this was done in. This means that digital wallets are becoming the most common way to pay face-to-face, “said the bank.

“80% of CBA Digital Wallet payments made by tapping a phone or related device are made using an Apple device (Apple iPhone, Apple Watch, etc.).”

Based on these numbers, CBA said it is likely to indicate Apple’s share of payments made from domestic mobile wallets. Banks quoted figures stating that Apple’s share in the United States is around 92%.

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sauce: CBA sees Apple dominating digital wallets as contactless payments make up 90% of card payments. ZDNet



CBA sees Apple dominating digital wallets as contactless payments make up 90% of card payments.

Source link CBA sees Apple dominating digital wallets as contactless payments make up 90% of card payments.

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