Why Apple’s Apple Pay is worth $100,000 more than Samsung’s
By Kim Kyung-won | The Wall St. JournalPosted Apr 09, 2018 11:01:07 Apple’s cash-strapped Apple Pay service will soon be available to the general public, but it may take a little longer than expected to be ready for mass adoption.
Apple is currently preparing to open its Apple Pay app to the public, after a long and costly process of designing a system that works with its cash-and-carry debit cards and credit cards.
Apple Pay is one of the biggest innovations in Apple’s mobile payments ecosystem.
It’s the first major product to integrate an NFC-enabled device and Apple Pay itself.
The Apple Pay system allows users to securely pay using Apple’s standard iPhone X, iPhone XS and XS Max smartphone handsets.
Apple Pay works with nearly all major credit and debit cards, including American Express, Mastercard, Visa, Discover and Discover Plus.
Apple also announced it will be introducing a new card type to the Apple Pay platform, called a “universal” Apple Pay card, in the coming weeks.
Apple has not publicly disclosed the length of its process for developing the Apple Card system.
The company is currently evaluating several potential card designs, according to a recent blog post by Apple VP Craig Federighi.
Apple Card is the first Apple Pay feature that’s designed specifically for the mobile devices that will be making up the majority of Apple Pay devices.
Apple will continue to sell the Apple Wallet and Apple Watch accessories, but Apple Card will be the first version of Apple Card that will work with its devices.
The most important design change for Apple Pay for Apple Watch is the integration of Apple’s own magnetic stripe chip with the Apple Watch.
Apple Watch owners will see the same feature-rich payments experience that customers of the Apple iPhone X have had for years with the iPhone X Plus.
A redesigned iPhone X and iPhone XR will be available later this year, and a $200 Apple Watch Sport will also launch with Apple Pay functionality.
Apple is currently developing a number of other new features for Apple Card, including new Apple Pay payments cards and Apple Card Plus, which will add more features to the card.
Apple also recently announced that it will introduce a new payment method called Apple Pay Plus, a “premium” version of its Apple Card payment solution.
Apple’s $100 million payment chip is a significant investment for Apple, as the company expects to use the chip for about 5 million payments per year, according the company’s financial reports.
Apple could also be ready to launch Apple Pay to more than a million consumers in the U.S. by the end of 2019.
That could take Apple Pay beyond the United States, and into more countries, including Brazil, South Korea, China and India.
Apple does not have a final product timeline for Apple Wallet or Apple Watch cards, but the company is expected to begin shipping them in the fourth quarter of 2019, according Federighiei’s blog post.
Apple will continue making new payments cards for Apple and Apple Wallet, but that’s unlikely to be the case for a long time.
Apple currently sells only about 2 million Apple Watch bands per year to Apple Pay users.
Apple could eventually begin shipping new Apple Watch smartwatches with ApplePay support in 2020.
Apple may eventually be ready, but not at the same time as it was in 2016.
In that year, Apple Pay was still not ready for widespread adoption and Apple was still in the early stages of its mobile payments business.
Apple CEO Tim Cook told the Wall Street Review of Books that Apple Pay’s transition to Apple Watch will be seamless.
“We’ll get to the point where we can have it working with all of our credit cards and all of the devices we’re going to ship,” Cook said.