After Apple's Great Quarter Report, Analysts say that Trade War Fears with China are Dampening Suppliers' Enthusiasm
MediaTek's Helio M70 5G Smartphone Chip is ahead of Schedule, yet Supply Chain Speculation is betting on an Apple-Qualcomm deal

7-Eleven and CVS Pharmacy will Accept Apple Pay later this year

1 x COVER - 7-Eleven-Expanding-Facial-Recognition

 

In 2014 Patently Apple posted a report titled "Merchants Going to War with Apple Pay will Lose." CVS was one of the merchants who locked Apple Pay out. Four years later, it's a different story.

 

USA Today is reporting that "You'll soon be able to use your iPhone or Apple Watch to pay for prescriptions at CVS or a Slurpee at 7-Eleven. The two previous retail holdouts will start rolling out support nationwide for the the Apple Pay mobile payments system in the fall. Apple CEO Tim Cook made the announcement during an earnings call Tuesday with investors.

 

Apple Pay continues to gain momentum. It is in use by tens of millions of customers daily, Apple says, with 'well over'\" one billion Apple Pay transactions completed during the June quarter, more than triple the number during the same period a year ago. And Apple Pay now has more than 4,900 banking partners in 24 global markets, with another overseas market, Germany added soon.

 

For its part, CVS says about 7,800 stand-alone pharmacies will accept Apple Pay, quite a turnaround from Oct 2014, when the drugstore chain stopped accepting Apple Pay payments, over a conflict at the time with another mobile payments system called CurrentC, that eventually failed before it ever really got going.

 

10.0 Apple News BarAbout Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. Those using abusive language or negative behavior will result in being blacklisted on Disqus.

Comments

The comments to this entry are closed.