Apple will need to convince a lot of skeptical retailers in the US to grow Apple Pay acceptance. That is accor. to an interesting new report from Reuters.
The news agency surveyed the top 100 retailers within the nation. Two-thirds of the 85 respondents mentioned that they would not accept Apple Pay this year. Only 4 retailers stated they’ve plans to supply support for the mobile payment service by the end of 2015.
Nearly 25% of those surveyed stated that they have not seen sufficient demand to justify the price of setting up the technology for accepting payments while some have talked about the lack of access to the transaction data as a reason for holding out on implementation.
There are at least 2 more services popping out within the near future within the form of Google Pay and Samsung Pay, which could also be a reason for merchants to wait as those services are anticipated to work with current hardware, effectively reducing prices.
Although, the present market for mobile payments is very small, analysts have predicted that it’ll rise sooner as more players enter. However, solely time will tell when retailers will jump on board and support the various services that are set to launch sooner or later.