Report: Apple Pay to start working in Russia by December

MOSCOW, Sep 8 (PRIME) -- Apply will launch its payments system, Apple Pay, in Russia, along with Japan and New Zealand, by December, online news agency TechCrunch reported in a story, seen by PRIME on Thursday.

“These countries will join the recently added France, Switzerland and Hong Kong, which went live in July. With those additions, Apple Pay is now live in nine markets, and sees over half of its transaction volume coming from non-U.S. markets,” TechCrunch said.

“The payments technology itself is gaining traction, too. It now has more than five times the volume from a year ago, and is adding one million users per week. Consumers have spent billions with Apple Pay, with accelerated growth taking place in the second half of 2015, in particular.”

The technology today counts tens of millions of users. Apple Pay is live at more than 11 million contactless locations worldwide, with 3 million in the U.S. alone.

The technology also has the lion’s share of the mobile payments market in the U.S., at present.

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