Chase Bank has provisioned over one million wallets with Apple Pay since the service launched in October 2014. As noted by AppleInsider, the company made the announcement during an investors conference call on Tuesday.
“We continue to see good growth in the number of consumers that are provisioning Chase cards in their Apple Pay wallet,” said Chase’s Eileen Serra. “And as more merchants adopt, I would expect to see more traction here, as well.”
Serra also noted that Apple Pay users are typically 9 years younger than their average customer, and make 21% more money. That’s not a surprising stat given that in-store Apple Pay is currently still limited to the iPhone 6 and 6 Plus.
Apple Pay has done well in its short life, garnering major endorsements from the US government and several national retailers. And other tech firms are taking notice: Google is acquiring SoftCard and Samsung’s buying LoopPay.
Source: JP Morgan Chase via AppleInsider