CUPERTINO, Calif.—Apple’s payments service accounted for 92% of all mobile wallet debit transactions in the U.S. during 2020, according to a new study.
Pulse’s annual 2021 Debit Issuer Study shows about two-billion mobile wallet debit transactions were conducted in 2020 using either Apple Pay, Samsung Pay or Google Pay. That figure is up 51% year-over-year, noted Apple Insider in its analysis.
The study found average ticket size increased 55% from $15 in 2019 to $23 in 2020.
Consumers made fewer purchases but those transactions were larger, a change credited to pandemic spending patterns, Apple Insider noted.
“Apple Pay’s success in 2020 can in part be chalked up to fairly wide retail adoption,” Apple Insider stated. “Of the top 100 U.S. merchants, 74 accepted the payment option and 65% of all retail locations in the nation supported the service.”