Apple Pay Apple can bring about $ 80 billion annually




Payment service Apple Pay, which will pay for the goods with the help of iPhone and Watch , can bring a lot of money to its creator. For each transaction Apple will charge users a fee. On it informs edition Bloomberg, citing its own sources.

According to Bloomberg, Apple has entered into an agreement with the banks to levy a proportion of all payments made through the Apple Pay. It should be noted that the annual turnover of the banking operations in the “one-touch” is $ 40 billion. Thus, Apple Pay creditors provide another opportunity to make money, and users – to spend quickly. The latest in this new model will help iPhone and smart watches Watch.

Presumably, Apple will accumulate funds in banks. Apple Pay payment system can seriously push virtual currency by type of Bitcoin, offering users a more favorable rates and an increased level of security.


According to the forecast of Forrester Research, which leads Bloomberg, in 2017, the turnover of the market of mobile payments could increase fourfold. The sources did not specify the size of the commission Apple, but said that it will vary depending on the purchase amount.

Ka writes resource Pocket-lint, in America the size of the standard rate of commission is 2 percent of the total transaction amount. Work with Apple Pay support companies such as Visa, Mastercard and American Express, whose total turnover last year alone amounted to 3.96 trillion dollars. Subtracting this amount from 2 percent, we get 79.2 billion – a good extra income for Apple.

If it so happens that Apple has more than get rich, then let’s hope that earned via Apple Pay means the company will invest in the creation of new and better products using green technologies.


In: A Technology & Gadgets Asked By: [19085 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »