What is Apple Pay & How Does it Work?

25. October 2017.

Apple’s corporate history demonstrates a proven ability to shape consumer demand and drive mass adoption. The launch of Apple Pay in 2014, therefore, brought mobile contactless payments firmly into the mainstream. This increased awareness has played a part in the rapid development of the overall market, with worldwide mobile payments transaction volumes expected to surpass $1 trillion by 2019.

With Apple Pay deployments maturing and expanding, what do service providers like banks and other financial institutions need to know about the technology?

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