{"id":387879,"date":"2017-08-21T20:59:41","date_gmt":"2017-08-21T12:59:41","guid":{"rendered":"https:\/\/www.macrumors.com\/2017\/08\/21\/apple-pay-usage-forecast-juniper-research\/"},"modified":"2017-08-21T20:59:41","modified_gmt":"2017-08-21T12:59:41","slug":"apple-pay-usage-estimated-to-rise-sharply-in-united-states-due-to-frustration-with-slow-chip-and-pin-cards","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/apple-pay-usage-estimated-to-rise-sharply-in-united-states-due-to-frustration-with-slow-chip-and-pin-cards\/","title":{"rendered":"Apple Pay Usage Estimated to Rise Sharply in United States Due to Frustration With Slow Chip-and-PIN Cards"},"content":{"rendered":"

Contactless payment methods like Apple Pay will rise sharply in the United States, from less than 2 percent of transactions this year to 34 percent by 2022, according to a new report<\/a> shared by research firm Juniper Research.<\/p>\n

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Payment terminal with chip-and-PIN card support via Worldpay<\/a><\/em><\/center>
Juniper Research argued that customer dissatisfaction at the slower speeds of chip card transactions, like chip-and-signature or chip-and-PIN, will further increase the adoption of smartphone-based payments, an area currently dominated by Apple Pay.<\/p>\n

The transition towards contactless payments, and even the EMV standard<\/a> that chip-and-PIN cards are based on, has been much slower in the United States compared to many other countries around the world.<\/p>\n

In Canada, for example, chip-and-PIN cards have been common for over five years, while at least 80 percent of Canadian retailers are now accepting contactless payments, according to payment processor MONEXgroup.<\/p>\n

Juniper Research expects the United States to follow a similar growth curve as Europe, where EMV and contactless payments are also widespread.<\/p>\n

Apple CEO Tim Cook recently confirmed<\/a> Apple Pay momentum is “strongest in international markets,” where he said the infrastructure for mobile payments has developed faster than in the United States.<\/p>\n

Cook added that three out of four Apple Pay transactions happen outside of the U.S., where the service first launched in October 2014.<\/p>\n

Apple Pay will support Venmo<\/a>-like peer-to-peer payments in the Messages app<\/a> on iOS 11, starting in the United States. Apple Pay is also expanding to Denmark, Finland, Sweden, and the United Arab Emirates<\/a> later this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Contactless payment methods like Apple Pay will rise sharply in the United States, from less than 2 percent of transactions this year to 34 percent by 2022, according to a new report shared by research firm Juniper Research. Payment terminal with chip-and-PIN card support via WorldpayJuniper Research argued that customer dissatisfaction at the slower speeds […]<\/p>\n","protected":false},"author":5817,"featured_media":387880,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25],"tags":[68,69,59,26],"class_list":["post-387879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple","tag-macrumors","tag-media","tag-technology"],"_links":{"self":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/387879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/users\/5817"}],"replies":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/comments?post=387879"}],"version-history":[{"count":0,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/posts\/387879\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media\/387880"}],"wp:attachment":[{"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/media?parent=387879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/categories?post=387879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/people.utm.my\/asmawisham\/wp-json\/wp\/v2\/tags?post=387879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}