Apple Pay currently makes up 5% of global card transactions, and could account for 10% by 2025, according to data by researchers at Bernstein cited in a report by Quartz.
The revenue from Apple Pay could help the company offset slowing sales of physical devices like the iPhone.
Apple launched the mobile payment feature in October 2014.
In 2019, Apple and Goldman Sachs launched the Apple Card, which incentivizes cardholders to use Apple Pay to earn cash back.
Apple is looking to grow its...
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