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Apple Pay is the most tried and most used mobile wallet

The percentage of global point of sale transactions occurring through contactless payments — accounted for about 15% of transactions this year — will grow to 53% within five years, according to a new POS [point-of-sale] study from Juniper Research. What’s more, according to research by Pymnts , which covers the payments and commerce markets, Apple Pay had the highest usage rate among those who could use contactless payment for a transaction. 

Walmart Pay has second highest at 5.1%, and Samsung Pay is third at 3.3%. Android Pay lowest usage at 1.8%; higher than in the previous quarter but still a very low usage.

Though Apple Pay has gotten an increase in usage this quarter at 5.5%, it’s still below its peak in March 2015, according to Pymnts. The research group says that the top two reasons folks don’t try mobile wallets are: security concerns (though they’re becoming less of an issue) and they’re happy with their current payment methods.

Dennis Sellers
the authorDennis Sellers
Dennis Sellers is the editor/publisher of Apple World Today. He’s been an “Apple journalist” since 1995 (starting with the first big Apple news site, MacCentral). He loves to read, run, play sports, and watch movies.