Apple Pay is expected to make up for 50% of mobile wallet payments globally by 2020 according to Juniper Research who reported on Monday that contactless payments are projected to hit $2 trillion across the world within two years.
450 million people worldwide are expected to be actively using Apple Pay, and that number is only expected to grow. The research note suggests mobile wallet payments through services such as Apple Pay, Samsung Pay and Google Pay will make up for 15% of the $2 trillion spent through contactless payments by 2020, and contactless payments are set to exceed the $1 trillion mark for the first time this year.
Apple Pay most recently expanded into Poland last month to customers banking with BGZ BNP Paribas, Bank Zachodni WBK, Alior Bank, Raiffeisen Polbank, Nest Bank, mBank, Bank Pekao and Getin Bank.
Apple Pay is available in Australia, Brazil, Canada, China, Denmark, Finland, France, Guernsey, Hong Kong, Ireland, Isle of Man, Italy, Japan, Jersey, New Zealand, Norway, Poland, Russia, San Marino, Singapore, Spain, Sweden, Switzerland, Taiwan, Ukraine, United Arab Emirates, UK, USA and Vatican City.