Apple Pay has gained popularity in two years of existence. Apple’s mobile payment service is now available in 13 countries worldwide and allows users to make purchases using their iOS devices. Basically, with Apple Pay, you need to hold your iPhone up to a credit terminal, and use your Touch ID to make your purchases.
According to Apple, it will launch Apple Pay in Taiwan, making it the 14th country where Apple Pay would be available. Apple has been working on expanding the availability of its mobile payment service to other countries since Apple Pay made its debut back in 2014. Apple announced that Apple Pay will support seven banks in Taiwan including CTBC Bank, E. Sun Commercial Bank, Standard Chartered Bank, Taipei Fubon Commercial Bank, Taishin International Bank and Cathay United Bank. However, Apple has not specified when the service will start in Taiwan.
Apple Pay was first introduced in the US two years ago and it has quickly become the most popular mobile payment service in the world, with Samsung Pay coming in second on the list. Last month, Apple announced financial results for the first fiscal quarter of 2017, claiming that Apple Pay transaction hit over 500 percent year over year. Besides, nearly two million small businesses now accept Apple Pay as their online payment service.
In the first fiscal quarter of 2017, Apple reported revenue of $78.8 billion and net quarterly profit of $17.9 billion, thereby setting the company’s records. Besides, Apple sold more than 78 million smartphone units during the quarter, helping Apple surpass Samsung to become the world’s largest smartphone maker in the world. Mac sales hit 5.4 million units during the quarter, a slight increase compared to last quarter. iPad sales, on the other hand, fell to 13.1 million units during the quarter.
Apple Pay is currently available for owners of iPhone 6 and newer and the 2016 MacBook Pro with Touch ID.
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