Roswell, GA -- (SBWIRE) -- 12/07/2015 -- Apple mobile payments and digital wallet service Apple Pay, was off to a great start this year, according to chief executive Tim Cook. But now that year is almost at an end, the projections are looking better than expected. ShopKeep's most recent survey of its 20,000 merchant clients shows that about 26% of respondents had accepted an Apple Pay transaction by the end of September, compared to 2.5% in February.However, the company is only looking at this as a small step in the right direction as it still has much growth to do in the mobile payments space. A survey conducted in the mid of 2015, by Pymnts.com and InfoScout found that only 15% of consumers who were eligible to use Apple Pay had tried to actually use it, which was projected to roughly 3 million -3.6 million people in the U.S, or about 1% of the population.
"The transactions running through Apple Pay are in a month over month growth rate of about 58%, and this is not just from a small base," ShopKeep CEO Norm Merritt has stated. "We have seen a really dramatic increase in the usage of Apple Pay."
Last week, Apple has also announced its plans to lunch Apple Pay in second largest market, China in early 2016. Apple Pay was introduced to Europe and Australia earlier this year. Entry into Chinese market is never easy for any company, however in case of Apple 30% of its sales are already coming from China. The company has also reported that it apparently partnered with China's largest state-run banks, though details of partnership are not yet available. However it's fair to assume that Apple Pay stands a good chance of succeeding in China.
Anybody who is looking to process Apple Pay, is encouraged to visit http://netcompaysystem.com/apply-online-for-your-merchant-account/, a website of a well-known provider in the merchant payment service industry,Netcom PaySystem,There, you can learn everything you need to know about processing Apple Pay, apply online and alsoread about the wide variety of top quality merchant services the company provides.
Netcom PaySystem is proud to support a new way to pay – Apple Pay. Apple Pay utilizes an iPhone 6 & 6 Plus, Near Field Communication (NFC) technology, Touch ID and a Secure Element chip to make paying easy with just a wave of the iPhone.
Paying in stores or within apps has never been easier. Gone are the days of searching for your wallet. The wasted moments finding the right card. Now payments happen with a single touch.
Apple Pay will change how you pay with breakthrough contactless payment technology and unique security features built right into the devices you have with you every day. So you can use your iPhone, Apple Watch, or iPad to pay in a simple, secure, and private way.Many of our payment solutions incorporate NFC technology enabling our merchants to accept Apple Pay. In addition, these solutions also offer EMV payment capability.
About Netcom PaySystem
Netcom PaySystem prides itself on being as eager to practice good, old-fashioned customer care as it is to pioneer new products. Netcom PaySystem is proud to provide the most up to date and innovative products such as m-Commerce Mobile Solutions, and Virtual Terminal solutions. In addition, the company offers the merchant access to POS Systems, ACH Check Services, Check Guarantee, Recurring Billing, Check21, BOC, Credit and Debit Card Processing, Gift and Loyalty Cards, and Merchant Working Capital. Netcom PaySystem's attrition rate is one of the lowest, if not the lowest in the industry. Netcom PaySystem can proudly boast that that only two to four percent of its clients ever leaves the company, and out of that; close to 50 percent return within the first year.
For more information, please visit http://netcompaysystem.com.
Company Name: Netcom PaySystem
Contact Person: Media Relations
Country: United States