Apple Pay at 10: How It Revolutionized Mobile Payments

Apple Pay, the mobile payment service from Apple, has reached its ten-year anniversary. The service was first launched in the United States in October 2014. It allows users to make contactless payments using compatible iPhone and Apple Watch models.

Main News

Apple Pay was introduced a decade ago, with its initial launch occurring in the United States. The service replaced physical credit and debit cards for in-store purchases at participating terminals.

The technology has since expanded to over 50 countries and regions worldwide. Users can make payments by holding their iPhone or Apple Watch near a contactless reader.

The service is now accepted by over 6,000 banks and financial institutions globally. It works with major payment networks, including Visa, Mastercard, and American Express.

Apple has integrated the payment system into its other services over the years. This includes the ability to make purchases on websites and within apps on Apple devices.

Summary

Apple Pay has marked ten years since its initial launch in 2014. The service was created to enable contactless payments using Apple devices.

The platform has grown to be available in more than 50 countries. It is supported by thousands of banks and all major payment networks.

Over the past decade, Apple has expanded the service’s functionality. It can now be used for in-app and online transactions in addition to physical store payments.

FAQs

**When was Apple Pay first launched?**
Apple Pay was first launched in October 2014. The initial release was in the United States.

In how many countries is Apple Pay available?
Apple Pay is currently available in over 50 countries and regions. Its global expansion has occurred over the last ten years.

Which banks support Apple Pay?
Apple Pay is supported by more than 6,000 banks and financial institutions globally. It works with cards from major networks like Visa and Mastercard.

Disclaimer: This report is for informational purposes only and does not constitute financial advice. All information is based on verified reporting available at the time of publication.