Apple Pay has made 4 times more transactions than PayPal in the last quarter

Apple Pay

A few hours ago, the guys from Cupertino presented the quarterly accounts corresponding to the period from June to September 2019, and as usual since January, no sales figures were announced for Macs, iPhone or iPad, so they only talked about the money they have earned with their products and services, something that few really may be interested in.

But also, and as usual, Tim Cook made a series of comments about the growth that some of their services were experiencing, specifically the electronic payment technology called Apple Pay. According to the company, Apple Pay transactions They have doubled year over year and just surpassed PayPal.

Tim Cook said that Apple Pay had generated 3.000 billion transactions during the company's last fiscal quarter, surpassing the number of PayPal transactions and that it is growing up to 4 times faster than the veteran of payments through the internet.

As expected, revenues through Apple Pay reached a historical record, demonstrating once again that it is increasingly used by the company's customers not only through the iPhone, but also with the Apple Watch, iPad or directly through the internet, although the presence of Apple Pay as a payment method on web pages is still a very minority.

We had record all-time revenue from paid services. Apple Pay revenues and transactions doubled year-over-year, with more than 3.000 billion transactions in the September quarter, surpassing the number of PayPal transactions and growing 4 times faster. Apple Pay is present in 49 markets around the world, with more than 6.000 issuers on the platform.

Another of the announcements that Apple made in the last conference for shareholders is the possibility of finance at 0% interest the purchase of any iPhone model via Apple Card.


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