logo-loader
Apple Inc.

Kount survey reports fewer merchants accepting Apple Pay and Google Pay

Only 35% of the almost 600 merchants participating in a new study now accept Apple Pay

iPhone
The take-up rate is worse for Google Pay, which is only accepted by 25% of merchants polled

It’s becoming harder, not easier, to pay at stores with Apple Inc's (NASDAQ:AAPL) Apple Pay and Alphabet Inc's (NASDAQ:GOOG) Google mobile wallets — at least that's what the results of the sixth-annual Mobile Payments & Fraud Survey from Kount, a risk management firm, suggest.

The number of the nearly 600 respondents across 29 industries who accepted Apple Pay this year slumped to 35% from 48% last year.

Elsewhere, the rate of take-up is even worse for Google Pay, which is only being accepted by 25% of those merchants polled in the study. That's down from 38% last year.

READ: Apple bans cryptocurrency mining apps on its iPhone, iPad devices

The sole mobile payment app to grow its business over the last twelve months is American Express Co's (NYSE:AXP) AMEX Express Checkout, which is now being accepted by 16% of survey participants, up from 9% last year.

Apple shares are flat at US$190.66 in afternoon trade while class A shares of Google’s parent Alphabet are up slightly at US$1,157.28.

Quick facts: Apple Inc.

Price: $218.75

Market: NASDAQ
Market Cap: $988.57 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Northern Minerals in strategic discussions with government...

Northern Minerals Ltd (ASX:NTU) CEO George Bauk tells Proactive the Australia-based dysprosium mining company will be talking to government agencies in Washington next week to determine how the company can be a supplier to the United States. Currently, China is the world's most dominant...

1 day, 15 hours ago

2 min read