Apple just revolutionized another massive industry, and no one’s even talking about it

$%name Apple just revolutionized another massive industry, and no one’s even talking about it by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley$

I don’t really know when this started, but every time I make a run to Target these days I instinctively reach for my phone and complete my purchase at the register via Apple Pay. No fumbling for a wallet, no need to exchange dollar bills and get loose change back, no need to hand over a credit card so that Target can get hacked again and my data end up god knows where. It’s fast, there’s a satisfying “ding,” and I’m out the door. I think this started to become a habit for me after returning from a trip to Europe, where contactless payments are more of an ingrained thing, and rather than deal with a currency there that I didn’t understand, it just made sense to use Apple Pay and move on.

Apple is increasingly relying on revenue from its growing Services business, which includes offerings like Apple Music and revenue from its App Store — and on a standalone basis, that Services business would be about the size of a Fortune 100 company. Some of its offerings within that Services bucket are seeing more success than others at the moment, such as Apple Pay. The iPhone maker’s digital wallet, which users can link to their credit cards and the relatively new Apple Card, is now accounting for some 5% of all credit card transactions around the world.

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Apple just revolutionized another massive industry, and no one’s even talking about it originally appeared on BGR.com on Wed, 12 Feb 2020 at 19:08:31 EDT. Please see our terms for use of feeds.