By some metrics Apple Pay now ranks fifth in marketshare of the Web payments industry, according to new analytics data, although it still has a long road to tread before becoming commonplace.
Apple has 0.25 percent of the top 10,000 websites, according to analytics firm SimilarTech. Apple Pay is supported on 1,035 sites in total, having only reached the Web in September with iOS 10 and macOS Sierra.
Within those 10,000 sites, Apple is ahead of companies like Amazon and Google, but still well behind industry leader PayPal, which controls the top two spots — one with its standard payment services (2.36 percent) and the other via the PayPal "Subscribe" button (0.98 percent). Stripe and Braintree round out the top five.
The same rankings continue to play out when expanding the view to the top 100,000 websites, even though Apple's share shrinks to just 0.11 percent. Among all websites, Apple is in just 27th place.
SimilarTech's marketing director, Daniel Buchuk, commented however that Apple has seen a "meteoric rise," given the difficulty of getting sites to adopt payment platforms and the years its competitors have had to establish themselves.
The company is likely to continue expanding Apple Pay's footprint, in part because its new MacBook Pro has a Touch ID sensor built-in, simplifying authentication. Apple is also promoting its Web partners, which might encourage other parties to sign on.
6 Comments
Impressive
Apple Pay will be #1 in short order.
Apple Pay is great. After my credit card got hacked (for the 2nd time), even my credit card company suggested I use it because it is, according to them, more secure than the chip card they issued me.
But, I don't see it overtaking PayPal, at least not on EBay, because EBay transactions are closely linked with PayPal and tied into their returns policy. That would be difficult to do with any other service.
I haven't seen it on any site I buy from, and I buy a lot on the internet. I also don't see it as much as I'd like in retail either. If I know about it, I'll use it, but it's got to be there first.