CUPERTINO, Calif.—Approximately $2 out of every $3 now being spent using contactless payments across Visa, MasterCard and American Express have been made using Apple Pay since the launch of that product in October, 2014, according to Apple CEO Tim Cook.
Cook released those statistics during Apple’s fiscal Q1 2015 earnings call, 9 to 5 Mac reported.
Apple also shared some stats from retail partners. Whole Foods, for example, has noticed a 400% increase in mobile payments since the Apple Pay rollout. Apple Pay is also accounting for 80% of Panera Bread’s mobile payment activity.
Apple also said that a partnership with USA Technologies will enable Apple Pay to be used at about 200,000 self-serve terminals, such as those on vending machines and at laundromats.
Since the rollout of Apple Pay, approximately 750 financial institutions have signed up to offer the service, many of which are awaiting approval. The majority of those sign-ups have been credit unions, according to Apple.
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