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Apple Pay ‘State of the Union' report details adoption among retailers
Apple Pay has been steadily growing as Apple continues to add support for new banks and rolls out the service to users in more countries, but we have less data on how much its been adopted in retail and among users. Giving some insight to usage, Apple analyst Gene Munster at Loup Ventures today released his “Apple Pay State of the Union” giving a look at adoption among retailers and much more.
Using the Internet Retailer top 100, the data shows retailer adoption as a percentage of potential adoption. The adoption includes all possible points of adoption for the platform including point of sale, in app, and through Apple Pay on the web for website checkout on both mobile and desktop browsers. Among the numbers, 31% have implemented at least one point of adoption, while an impressive 44% of the Internet Retailer 100 have adopted Apple Pay at point of sale. A similar 40% have adopted it as an in-app payment option.
When looking at those that have adopted Apple Pay at all possible points of adoption, it currently sits at 22% for the top 100.
Apple Pay State Of The Union:
2,091 banks accept Apple Pay globally, up from 1,439 in July of 2016.We estimate about 13% of active iPhones have activated Apple Pay.We estimate 30% of new iPhones are activating Apple Pay.53% of retailers listed as “coming soon in browsers” have launched in the first 6 months.31% of retailers in the Internet Retailer 100 accept Apple Pay, up from 28% in Oct.44% of retailers in the Internet Retailer 100 have adopted Apple Pay at point of sale.40% of retailers in the Internet Retailer 100 have adopted Apple Pay in-app.13% of retailers in the Internet Retailer 100 have adopted Apple Pay in mobile browsers.9% of retailers in the Internet Retailer 100 have adopted Apple Pay in desktop browsers.22% of all possible points adoption leverage Apple Pay within the Internet Retailer 100.Apple Pay adoption among users is trickier, and Munster notes that he can only estimate that around 30% of new iPhone users are activating Apple Pay based on Apple's now somewhat outdated figures released last year: