Apple's CEO Tim Cook said during an earnings call on Tuesday that Apple Pay is outpacing PayPal in user growth rates and the number of transactions.
Apple's CEO Tim Cook said that Apple Pay is growing faster than PayPal when it comes to adding new users and growing the number of transactions. Cook said that Apple Pay is now completing nearly one billion transactions per month, which is more than twice the volume of a year ago. Apple Pay has become a popular form of payment in recent years, especially in the US where it is accepted at around 65% of all retailers.
Apple's CEO Tim Cook said that Apple Pay is growing faster than PayPal when it comes to adding new users and growing the number of transactions. Cook said that Apple Pay is now completing nearly one billion transactions per month, which is more than twice the volume of a year ago. Apple Pay has become a popular form of payment in recent years, especially in the US where it is accepted at around 65% of all retailers.
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