Tuesday, 24 February 2015

Apple Pay now used by more than 1 million Chase Bank customers


It seems that Apple Pay has really, well, payed off for Chase Bank. The company announced today that over 1 million of its customers have started using their credit or debit cards with Apple's payment platform since its launch last fall.


The numbers were released during Chase's 2015 Investor Day earlier today. Along with the numbers, however, Chase also released some charts about how its customers are using the service. Perhaps most interesting bit is a chart that shows that Chase customers using Apple Pay are, on average, younger with higher incomes.


Chase Bank Apple Pay Chart


These numbers follow a similar statement given by Bank of America last month, in which it noted that 800,000 of its customers have used Apple Pay since its launch. In addition, the number of bank adding support for Apple Pay doesn't seem to be slowing down, with the most recent expansion bringing the total up to 90. While mobile payments have been around for a while, it seems as though Apple's weight has driven considerable growth for the sector.


Source: JPMorgan Chase; Via: Apple Insider



No comments:

Post a Comment