As of the end of 2017, the number of global active Apple Pay users doubled, making 127m as compared to 62m a year ago.

According to the annual review of Loup Ventures’ analysts, among 795m active iPhone users worldwide, 16% have activated Apple Pay, of which 11% (89m people) globally and 5% (38m people) in the U.S.

The number of banks globally that support Apple Pay increased in the past year by 41% to 2707 banks.

The experts quote Apple’s official numbers, according to which transactions more than tripled as of February of 2018. At the same time, nearly 90% of NFC payment transactions globally are with Apple Pay (August 2017 earnings call). Besides, 3 out of 4 of Apple Pay transactions happened outside the U.S.

The research also found out that between 20 and 30% of U.S. iPhone owners use Apple Pay, and up to 30% of new users are activating it.

Nonetheless, Loup Ventures specialists do not have any data on Apple Pay peer-to-peer, which launched in December of 2017.

Apple Pay debuted in October of 2014, but Apple management admits that user adoption has also been slower than what had been expected at Apple Pay’s launch. However, Loup Ventures analysts remain optimistic that Apple Pay will gain widespread adoption over the next 3-5 years.

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