Apple Pay Free Essay Example, 2000 words

This is a flagship mobile payment service that was rolled out by the tech giant in October 2014 to allow particular smartphone users to make payments using their devices in various retail stores. Precisely, it is available for use by those that have iPhone 6, 6s, 6s plus, 7, 7 plus and SE. with these devices, there is an NFC chip that has been attached and it helps users from specific countries to pay for goods and services in selected retail stores. With just a screen touch, a user is capable of making payments using their debit and credit cards in a convenient and safe way since the credit card details are not shared by Apple to any third party. Besides iPhones, the service also works with the Apple watch, making it one of the most versatile mobile payment solutions in the world today. Whereas it has not spread to a significant number of countries, Apple pay has recorded a lot of success in nations such as China, Canada, Australia, the United Kingdom, Spain, Russia and the United States (Macworld, 2016). In multiple press releases, the CEO has confessed that over one million new users are subscribing to the service each week and it will soon be available on the web such that users that have no access to the iOS operating system can benefit from the service as well. Benefits of Apple PayIt is highly secureThis is an advantage that is enjoyed by both individual users and e-commerce businesses. We will write a custom essay sample on Apple Pay or any topic specifically for you Only $17.96 $11.86/page