With Square, it will be even easier for small businesses to accept Apple Pay payments.
Apple CEO Tim Cook presented the first digits of the launch of Apple Pay in the United States:
- One million credit cards have been enabled on Apple Pay in 72 hours
- The mobile payment system was accepted in more than 200,000 stores or websites at launch
- The Cupertino company has already signed with the six largest credit card issuers (for 83% of credit card transactions in the US)
- But Apple Pay also faces some obstacles, such as competition from a joint venture called MCX preparing its own mobile payment system called CurrentC whose partners (who have about 110,000 stores) have blocked their Apple Pay terminals, because of a deal of exclusivity.