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"most popular mobile wallet" Citation? PayPal/Venmo seem far, far ahead.
by fizwhiz 9y ago
"most popular mobile wallet"
Citation? PayPal/Venmo seem far, far ahead.
- abalone 9y agoVenmo is not a mobile wallet. It's for bank transfers (i.e. ACH), not credit/debit card payments. PayPal is widely supported online but I doubt they are far, far ahead in the real world, which I think is what people mean by "mobile" wallet.
- fizwhiz 9y agoYour statement regarding the "real world" being equated to "mobile payments" is confusing. FWIW, PayPal cleared $155B in pure mobile payments volume in 2017. Apple Pay on the other hand hasn't published any numbers (apart from a 450% "growth" which every analyst knows is a cop out because the raw numbers themselves are likely not impressive.)
- daniel-grigg 9y agoWeChat and Alipay both dwarf all of the above. Pity they don’t strive to be more accepted in the West.
- gruez 9y agoBecause there's no market. For physical transactioms EMV does everything they do, and in a more convenient package. For online transactions, they're not more convenient than the incumbents.
- chatmasta 9y agoJust guessing based on my experience, but it seems like Apple Pay has broader worldwide adoption than Venmo, which is tied to the US banking system.
- jaredcwhite 9y agoThis is the most recent useful data I could find on short notice: https://www.cnet.com/news/apple-pay-users-nearly-double-in-2017/ https://www.cnet.com/news/apple-pay-users-nearly-double-in-2... Between Apple Pay, Samsung Pay, and Android Pay (which I believe recently got rebranded as just Google Pay), Apple Pay is ahead in userbase numbers by a considerable margin — perhaps not as much now as a year ago, but I doubt it was overtaken.