Apple Pay to reach in Germany, CVS and 7-11 later this yr

 

By Andrew O'Hara
Tuesday, July 31, 2018, 02:49 pm PT (05:49 pm ET)

Throughout Apple's quarterly convention name for the third quarter of 2018, CEO Tim Prepare dinner made two bulletins relating to Apple Pay's deliberate growth for the yr.

First, long-time holdout CVS is lastly going to start accepting Apple Pay in shops nationwide later this yr. They initially shunned Apple Pay when the service launched, choosing their very own barcode-based answer.

Chain retailer 7-11 will even see Apple Pay integration sooner or later in 2018, an addition that may massively increase the service's attain.

Past the U.S., Apple Pay shall be rolling out in Germany "later this yr," bringing the full variety of supporting international locations worldwide to 29. A German launch has been rumored for greater than a yr, although Apple faces stiff resistance from the nation's banks.

Prepare dinner additionally talked about the general success of Apple Pay as a product, noting it has processed extra transactions than section chief Sq..

Apple Pay is a part of Apple's "providers" catgegory which continues to develop, rising this yr to 31 p.c to 9.5 billion for the quarter.

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