During its 2015 Investor Day on Tuesday, JP Morgan Chase confirmed that more than one million customers have activated their credit cards or debit cards on Apple Pay (Via AppleInsider).
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“We were an early participant of Apple Pay,” said Eileen Serra, CEO of Chase Card Services. “We do continue to see good growth in the number of consumers that are provisioning Chase cards in their Apple Pay wallet.”
The number of cards provisioned by Chase over time has grown steadily since Apple launched the mobile payment service in October of last year. Chase customers who activate Apple Pay tend to be young, have high incomes and favor credit cards, which make up 69 percent of Chase’s Apple Pay transactions.
Our take on the news: Apple Pay is off to a good start and should continue to see steady growth as additional consumers, banks and merchants adopt the service.
