Chase: Over 1 Million Wallets Provisioned on Apple Pay

During its investor call today, Chase announced (via AppleInsider) that over 1 million customers have provisioned their credit and / or debit cards for use with Apple Pay. Additionally, the company provided a look at the demographics of its Apple Pay users.
chaseapplepayEileen Sierra, CEO of Chase Card Services, said that its customers who use Apple Pay tend to be young and have higher incomes, with 69 percent of their Chase card Apple Pay transactions credit based.

Sierra also revealed that the financial company has seen "good growth" in the number of its customers provisioning their cards on Apple Pay. Those customers have been using their Chase cards through Apple Pay at the top five merchants 58 percent of the time, with all remaining merchants making up the remaining 42 percent.

While Apple hasn't provided adoption details on Apple Pay, CEO Tim Cook did announce in January that Apple Pay accounted for two of every three contactless dollars spent on American Express, Visa and MasterCard. Bank of America announced in January that nearly 800,000 of its customers were using Apple Pay, and point-of-sale suppliers have seen a massive increase in interest following Apple Pay's launch last October.

Although Apple Pay is having early success in the United States, it has yet to expand past its borders. Reports indicate Apple is in talks with Canadian partners to launch Apple Pay in that country as soon as March, while Visa today announced it would launch tokenization in Europe in mid-April, paving the way for Apple Pay to expand into the continent.

Related Roundup: Apple Pay
Tag: chase

Top Rated Comments

(View all)
Avatar
71 months ago

Chase: Over 1 Million Wallets Provisioned on Apple Pay


This is why Google Wallet is such a joke by comparison -- it has been "released" since 2011 and still hasn't achieved anything remotely close to what Apple Pay did in a few short months.
Score: 19 Votes (Like | Disagree)
Avatar
71 months ago

I never understood why people like you say this, do you understand that all of the phone companies except TMobile blocked their application? Do you understand that you can't get a foot in the door if they keep it locked and guarded 24/7?

Geez, get over yourself and your apple fandomi


Google has had four years to go around those problems that apple has shown they can do. Apple pay doesn't rely on the carriers, that is Google's fault and failure. If you can't get your foot in the door, find another door.
Score: 18 Votes (Like | Disagree)
Avatar
71 months ago

I never understood why people like you say this, do you understand that all of the phone companies except TMobile blocked their application? Do you understand that you can't get a foot in the door if they keep it locked and guarded 24/7?

Geez, get over yourself and your apple fandom


That's Google's fault for putting themselves in the position of being at the mercy of the phone carriers. Apple hasn't allowed carrier politics to influence the iPhone since it was launched. Verizon wanted to load iOS with their own bloatware and Apple said no.
Score: 9 Votes (Like | Disagree)
Avatar
71 months ago
Essential

There was a day when having a computer at home was a luxury and then the day came when it became a necessity, even for the computer illiterate (banking, tax returns, on line shopping, keeping touch with family, etc).
The App that did it for the PC was the web browser (which drove the online technological revolution)

I can't help but feel that the smart phone is maturing faster from luxury to necessity especially when I see how well Apple Pay is doing.
Loved by all. The consumers, the banks and the retailers.

This is the killer App that makes owning one essential.
Score: 8 Votes (Like | Disagree)
Avatar
71 months ago

This is why Google Wallet is such a joke by comparison -- it has been "released" since 2011 and still hasn't achieved anything remotely close to what Apple Pay did in a few short months.


I never understood why people like you say this, do you understand that all of the phone companies except TMobile blocked their application? Do you understand that you can't get a foot in the door if they keep it locked and guarded 24/7?

Geez, get over yourself and your apple fandom
Score: 7 Votes (Like | Disagree)
Avatar
71 months ago

This is why Google Wallet is such a joke by comparison -- it has been "released" since 2011 and still hasn't achieved anything remotely close to what Apple Pay did in a few short months.

Yow... the pure defensiveness in your post is scary.

Instead of concentrating on praising Apple for their good job, you have to immediately bring up their competition and squeeze in a jab. Even though Google Wallet's overall adoption is not the fault of Google at all, but the fault of the cell phone carriers who made every attempt to block it for the last four years.

Android's success seems to affect you in a very personal way, so much you feel you need to lash out at them unprovoked. It's very obvious, you may want to dial it back a bit.

I know this is a Mac fan site and all, but try to show a little maturity.
Score: 6 Votes (Like | Disagree)

Top Stories

Apple Announces New 27-Inch iMac With 10th-Gen Processors, Up to 128GB RAM, 1080p Webcam, True Tone, and More

Tuesday August 4, 2020 8:07 am PDT by
Apple today announced a new 27-inch iMac with faster 10th-generation Intel Core processor options, next-generation AMD graphics, up to 128GB of RAM, a higher-resolution 1080p front-facing FaceTime camera, a True Tone display with a nano-texture glass option, a T2 chip, higher fidelity speakers, studio-quality microphones, and more. A breakdown of the new 27-inch iMac's features and specs:10th...

8 Third-Party Home Screen Widgets That You Can Try Out Now on iOS 14

Wednesday August 5, 2020 12:56 pm PDT by
One of the biggest new features of iOS 14 is Home Screen widgets, which provide information from apps at a glance. The widgets can be pinned to the Home Screen in various spots and sizes, allowing for many different layouts. When the iOS 14 beta was first released in June, widgets were limited to Apple's own apps like Calendar and Weather, but several third-party developers have begun to test ...

Everything New in iOS 14 Beta 4: Apple TV Widget, Search Improvements, Exposure Notification API and More

Tuesday August 4, 2020 11:14 am PDT by
Apple today released the fourth developer betas of iOS and iPadOS 14 for testing purposes, tweaking and refining some of the features and design changes included in the update. Changes get smaller and less notable as the beta testing period goes on, but there are still some noteworthy new features in the fourth beta, which we've highlighted below. - Apple TV widget - There's a new Apple TV...

Apple May Launch This Year's 'iPhone 12' Lineup in Two Stages, With 6.1-inch Models Debuting First

Monday August 3, 2020 3:14 am PDT by
Apple last week confirmed that its "‌iPhone‌ 12" launch will be delayed this year due to the ongoing global health crisis and restrictions on travel. Apple last year started selling iPhones in late September, but this year, Apple projects supply will be "available a few weeks later," suggesting a release sometime in October. We're expecting a total of four OLED iPhones in 5.4, 6.1, and...

Apple Explains Why You Might See 'Not Charging' When a Mac is Plugged In

Monday August 3, 2020 1:42 pm PDT by
If you have a Mac and have seen a "Not Charging" warning when plugging it in to power, Apple last week released a support document that explains why. Macs running macOS 10.15.5 or later have a Battery Health Management feature to preserve the life of the battery, and occasionally, the Battery Health Management option will cause the Mac to pause its charging for calibration purposes.Depending ...

Supposed iPhone 12 Display Unit Leaks

Thursday August 6, 2020 8:13 am PDT by
An image supposedly of an iPhone 12 display unit has been shared online by leaker "Twitter user Mr. White". Compared to images of an iPhone 11 Pro display piece, this new unit has a reoriented display connector, reaching up from the bottom of the display, rather than from the left-hand side on iPhone 11 Pro. This may be due to the logic board moving to the other side of the device. A...

Google's $349 Pixel 4a vs. Apple's $399 iPhone SE

Wednesday August 5, 2020 1:45 pm PDT by
Google this week launched its newest smartphone, the $349 Pixel 4a, a low-cost device that's designed to compete with other affordable devices like Apple's iPhone SE. We picked up one of the new Pixel 4a smartphones and thought we'd check it out to see how it measures up to the iPhone SE, given that the two devices have such similar price points. Subscribe to the MacRumors YouTube channel ...

Apple-Acquired Dark Sky Officially Shuts Down Android App

Saturday August 1, 2020 3:43 pm PDT by
Apple in March purchased weather app Dark Sky, and at that time, Dark Sky's developers said that the app's Android version would be discontinued on July 1, 2020. However, instead of shuttering the app on that date, the app's developers announced that the discontinuation would be delayed for another month. Now that it's August, Android users are no longer able to access the app, and...

Samsung Launches Galaxy Note 20, Galaxy Z Fold 2, and Galaxy Buds to Compete With Apple's iPhones and AirPods Pro

Wednesday August 5, 2020 10:07 am PDT by
Samsung today held a virtual Galaxy Unpacked event where it unveiled its next-generation smartphones that will compete with Apple's 2020 iPhone lineup, set to come out in the fall. Samsung announced the launch of the Galaxy Note 20 and the Galaxy Note 20 Ultra, the two newest devices in the Note lineup, and, more notably, the Galaxy Z Fold 2, Samsung's latest foldable smartphone. The...

Alleged 'iPhone 12' Images Depict Circular Array of Magnets in Chassis

Wednesday August 5, 2020 4:39 am PDT by
New images shared on Weibo appear to show a circular array of magnets housed inside an "iPhone 12" chassis. The unverified images depict 36 individual magnets in a circular arrangement, suggesting they could be related to mounting or charging. EverythingApplePro, who shared the Weibo-originating images on Twitter, also posted an image of an alleged iPhone 12 case with a similar array of...