As long as more people buy apple phone, Apple pay user base will grow.
Apple: A Big Dilemma
In a report by Loup Ventures, it estimated that Apple Pay is used by over half a billion users.Another note by Juniper Research predicts Apple Pay transactions hitting $686 billion by 2024.The future trajectory of Apple Pay can have a domino effect on other services which increases its importance for the stock.Apple has been making a significant effort in improving the traction of its payments system. Loup Ventures has estimated that Apple Pay is now used by over half of iPhone users or 507 mil
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