The mobile wallet has become the number 1 mobile payment processor with 36% US retailers that accept the payment method followed by Paypal at 34%.
In two short years Apple (AAPL) has expanded the service to 13 countries, with four of them added last year - Japan, Russia, New Zealand and Spain. The brand has a lot of space to grow still !
Apple Pay launched in 2014 has been slow to enter into the ecosystem race but this is a massive boost for Apple Pay's prospects
During the first quarter 2017 earnings call, Apple CEO Tim Cook noted that Apple Pay's volume was up over 500% compared to last year even as the total number of users tripled during the period.