Like a well-oiled machine, money flows through the world’s economy swiftly and, thanks to technology, seamlessly.
Two companies making headlines in the payments industry today are Apple Pay and PayPal. From new promotions in China to new bank clients and completed acquisitions, both have made strategic movements to help propel their corner of the payment industry forward.
Here are the numbers:
50 percent | Apply Pay discount given for using its service around its retail stores in China
53.7 percent and 39.5 percent | Percentage of China’s mobile-pay market owned by Alipay and WeChat
22 | Number of banks accepting Apple Pay following its addition of the U.K.’s only digital bank, Starling Bank
$302 million | Acquisition price PayPal paid for TIO Networks
16 million | TIO Networks’ total amount of consumer bill pay accounts