Apple CEO: Apple Pay transaction volumes have now overtaken PayPal

Apple Pay revenue and transactions have “more than doubled year-over-year with over 3bn transactions in the September quarter, exceeding PayPal’s number of transactions and growing four times as fast,” Apple CEO Tim Cook has revealed. Apple generated “all-time record revenues from payment services” during the quarter, Cook explained during the iPhone maker’s Q4 2019 earnings…

NFC Wallets Make Up Growing Share of Contactless Payments on London Transit

By:  Dan Balaban NFC TIMES Exclusive – Use of NFC wallets continues to steadily increase as part of Transport for London’s landmark contactless payments service, with payments from NFC-enabled smartphones and smartwatches now accounting for 20% of all contactless payments, NFC Times has learned.  Related stories, automatically selected:  In-Depth: Five Years After Transport for London Launched…