https://apple.news/AZKJtuqE8R2y5T0dn_YO4zQ
According to a Bernstein analyst report cited by Quartz, Apple Pay already accounts for 5% of global credit card transactions, which is pretty solid when you consider that the service is only five years old.
… the same analyst predicts that Apple Pay will grow to 10% of all credit card payments by 2025.
Bernstein analysts also note that theoretically, Apple could end up competing with the likes of Visa and MasterCard with its own payments network, that’s unlikely to happen anytime soon.
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