Apple Pay

VISA and MasterCard Releases 440+ Banks to Support Apple Pay

At the last official Apple Event held this month, Tim Cook announced that Apple Pay would sign on an additional 500 banks throughout the course of both this year and next. Cook has already started to make good on that assertion since both Visa and MasterCard recently released a list consisting of 440+ banks and financial institutions that will back and support the Apple Pay platform within the United States. Visa is coordinating with the mentioning banks and institutions and plans to rollout within the next coming weeks. MasterCard should fully be rolled out with their listed supporters within the next coming months.

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The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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