Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
Tech
News18 » Tech
1-min read

Apple Pay Outpaces Biggest Rival PayPal in Terms of Growth and Revenue

Apple also announced that is offering a new zero per cent interest financing option on the purchase of new iPhones later in the year.

Trending Desk

Updated:October 31, 2019, 5:02 PM IST
facebookTwitter Pocket whatsapp
Apple Pay Outpaces Biggest Rival PayPal in Terms of Growth and Revenue
Apple Pay Logo (Image: Apple Pay)

Apple announced that its payment service Apple Pay has outpaced its biggest rival PayPal. CEO Tim Cook informed investors during the company’s Q4 2019 earnings call that Apple Pay is growing four times faster than PayPal and has exceeded the latter’s transaction volume during the recently-concluded quarter. Cook touted that revenue and transactions for Apple Pay have doubled compared with a year ago, with the payment service recording over 3 billion transactions during the fourth quarter ended September 2019. “We had all-time record revenues from payment services. Apple Pay revenue and transactions more than doubled year-over-year, with over 3 billion transactions in the September quarter; exceeding PayPal’s number of transactions and growing 4x as fast,” said Cook.

Apple Pay is now live in 49 markets around the world, with over 6,000 issuers on the platform, Apple informed during the earnings call. “We believe that Apple Pay offers the best possible mobile payment experience and the safest, most secure solution on the market. We’re glad that thousands of banks around the world participate,” added Cook. Apple also announced that the Apple Card will add a new zero percent interest financing option for iPhone purchases later this year.

Apple on Wednesday reported its fiscal fourth-quarter 2019 earnings, which saw the company earn a record $64 billion in revenue, up 2 percent year-on-year. But iPhone sales continued to decline compared to last year, bringing in $33.36 billion in revenue, down 9.2 percent. Apple also revealed that it has set new Q4 earnings record in India and several other markets, including the US, Brazil, and various South-East Asian countries.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

| Edited by: Chhavianshika Singh
Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results