Mobile payments are all the rage among tech companies, but how successful have they been, really? Quite successful, if you ask Apple. While discussing its latest earnings, the Cupertino firm revealed that Apple Pay purchases were up 500 percent year-over-year in the third quarter. In fact, there were more transactions this September than in all of Apple's fiscal 2015 -- not bad for a tap-to-pay service that's still unavailable in many parts of the world, not to mention many stores. Apple didn't say what prompted the spike, but there are a handful of factors beyond any increases in popularity.
Apple Pay transactions surge by 500 percent posted first on http://ift.tt/1tUdcCk
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