Apple Pay Most Sought-After Mobile Payment Service By Retailers
Apple Pay is the most-requested mobile digital payment service among retailers, according to a recent survey of companies that supply point-of-sale terminals to stores. Piper Jaffray surveyed 507 vendors of merchant-processing systems. The survey found that 44% of their customers are using or have asked about implementing mobile digital payment systems. Of those merchants, 67% desired Apple ’s ( AAPL ) Apple Pay. Alphabet ’s ( GOOGL ) Android Pay and Google Wallet were second with 18%, followed by PayPal ( PYPL ) (8%) and Samsung Pay (7%). Merchants who accept tap-and-pay services typically are able to accept multiple digital wallets, Piper Jaffray analyst Gene Munster said in a report Wednesday. “It is telling that PayPal, who has been the leader in digital payments, so significantly under-indexed Apple Pay and Android Pay,” Munster said. “PayPal did announce recently at Mobile World Congress (MWC) that it would be enabling NFC payments, though the timeline was not disclosed.” The strong interest in digital payment systems and the number of requests for Apple Pay “are positive signs for the future demand of digital wallets and the strength of Apple Pay’s brand at point of sale,” Munster said. Juniper Research predicted Tuesday that the number of consumers using mobile phones to make payments at retail will reach 148 million worldwide this year, up 64% from 90 million in 2015. Image provided by Shutterstock .