Apple Pay dominates merchant mindshare for contactless payments, survey finds
A new poll of merchant processing partners has found that Apple Pay is by far the most desired tap-to-pay method, easily exceeding demand for rival services like Android Pay, PayPal and Samsung Pay.

Investment firm Piper Jaffray polled 507 value added resellers and independent software vendors, and found that 44 percent of their point-of-sale merchant customers are already using or have requested more information about NFC payment terminals.
Among those interested in contactless payment solutions, 67 percent of merchants expressed a desire to support Apple Pay. That was by far the most popular option among merchants, the poll found, easily besting second-place finisher Android Pay.
Coming in third with just 8 percent was PayPal, while only 7 percent of merchants expressed a desire to support Samsung Pay.

"We believe it is telling that PayPal, who has been the leader in digital payments, so significantly under-indexed Apple Pay and Android Pay," analyst Gene Munster wrote in a note to investors.
While the survey reflects poorly on PayPal, Munster said it's an encouraging sign not only for Apple, but for digital wallets in general.
Still, he doesn't expect Apple Pay to greatly impact the company's bottom line -- Piper Jaffray's estimates call for less than 1 percent of Apple's revenue and earnings in 2017 to be Apple Pay related.
"Apple Pay's significance is an engagement tool, which longer term is a must-have for any successful phone as cash slowly goes away," Munster said.
In the U.S., Apple Pay is supported by more than 1,000 card issuers, and it is accepted at more than 2 million point-of-sale locations. Tap-to-pay support with Apple Pay can be found in the iPhone 6 and iPhone 6s series, as well as Apple Watch, and is expected to expand to the new 4-inch "iPhone SE" this month.

Investment firm Piper Jaffray polled 507 value added resellers and independent software vendors, and found that 44 percent of their point-of-sale merchant customers are already using or have requested more information about NFC payment terminals.
Among those interested in contactless payment solutions, 67 percent of merchants expressed a desire to support Apple Pay. That was by far the most popular option among merchants, the poll found, easily besting second-place finisher Android Pay.
Coming in third with just 8 percent was PayPal, while only 7 percent of merchants expressed a desire to support Samsung Pay.

"We believe it is telling that PayPal, who has been the leader in digital payments, so significantly under-indexed Apple Pay and Android Pay," analyst Gene Munster wrote in a note to investors.
While the survey reflects poorly on PayPal, Munster said it's an encouraging sign not only for Apple, but for digital wallets in general.
Still, he doesn't expect Apple Pay to greatly impact the company's bottom line -- Piper Jaffray's estimates call for less than 1 percent of Apple's revenue and earnings in 2017 to be Apple Pay related.
"Apple Pay's significance is an engagement tool, which longer term is a must-have for any successful phone as cash slowly goes away," Munster said.
In the U.S., Apple Pay is supported by more than 1,000 card issuers, and it is accepted at more than 2 million point-of-sale locations. Tap-to-pay support with Apple Pay can be found in the iPhone 6 and iPhone 6s series, as well as Apple Watch, and is expected to expand to the new 4-inch "iPhone SE" this month.
Comments
1. Regardless of whether they prefer to support Apple Pay, Android Pay, Samsung Pay or LG Pay, if they enable their NFC, they will support all 4. And if they have credit card stripe readers, they will support Samsung Pay because of their MST reader tech.
2. No one, including Apple, is making much money off mobile payments. The purpose of offering mobile payments is ecosystem lock-in.
3. "Their profits like everyone else building Android phones will continue to drop to nothing." Except their profits have already stopped dropping, as have profits for most other hardware vendors except HTC and Sony. Many other Android manufacturers also make money by selling components to their competition - which includes Apple - and also a whole lot making accessories. As far as services ... well there are more than apps! Xiaomi, Huawei and others are also mobile, Internet and even streaming TV/music providers. They bundle those with the Android tablets and phones and make a ton of money. Xiaomi and Huawei are even considering expanding this business model to foreign countries, initially some parts of Asia, Africa and even Europe where the devices will be sold at cost in order for them to make the real money getting the users online and having them rent movies.
Sorry, but if Android was so unprofitable, more companies would have abandoned it by now. Instead, the only company that has - not counting those who merely dabbled a bit like Pyle and Philips - is HP (and with them one should note that they never made phones, only tablets) and more and more new companies launch selling Android devices each year.
Second, this artfully ignores the real story: Android Pay usage has caught up with Apple Pay usage. Despite Apple Pay being introduced nearly a year earlier, receiving much more advertising and media fanfare, and being supported by far more financial institutions, both saw the same transaction rates in physical stores: 8%.
http://www.luxurydaily.com/android-pay-apple-pay-reach-parity-as-mobile-pay-adoption-grows-report/
Before you reply that Android has a larger market share ... these are only stats for America, where iOS and Android market share is nearly equal. (In addition, Android Pay will not launch in its first foreign market, the U.K., until later this month.) So these vendors may prefer supporting Apple Pay, but they will wind up supporting both solutions, and in about equal volumes.
When ApplePay released I suggested Apple subsidize POS system with the ApplePay logo ingrained on them(or iPads with built in NFC) to retailers in exchange for mindshare and ApplePay acceptance.
What a load of crap and lies.
"by enabling support for Apple Pay....."
Seems you forgot that the banks have to update their software BEFORE you can use Apple Pay or Samsung Pay. Samsung is at 60 banks to Apple at 1,000. Perhaps you might want to educate yourself on how these systems work before opening your mouth. Having an NFC tetminal does not mean your system of choice automatically works.
IBM, Adobe and Custora all show iOS with around 75% of online shopping with Android at 25%. And you come up with some ridiculous no-name study to imply Android Pay is at parity with Apple Pay? Is the bridge you live under on the river denial by any chance?
That article is wrong. By bringing in Softcard and saying it increased Android Pay momentum, they are lumping all the disarrayed payment mechanisms with varying security level together and count them as "Android Pay". So they are counting all the major wallet solutions, including the "no security" card emulation mode, available on Android to-date. Those old wallet mechanisms had more merchant (but less secure) penetration because they started much earlier than Apple Pay, and doesn't require the new tokenization set up.
However, it is the standard going forward internationally from US to China. All those old payment mechanisms will linger but will not grow anymore. They are outdated and leaky.
No, in Canada we have chip/PIN cards that ALSO have NFC/contactless. I tap my cards so often that now I get pissed when I have to insert the chip (since I'm so used to tapping). Only time you're required to insert the chip card is for large $$$ purchases, since tapping has a limit (my card is $100 per day).