"Although we believe just under half (43%) of global iPhone owners use Apple Pay, that number will continue to grow as more retailers, universities, municipalities, and public transportation systems enable contactless payments and people begin to think of their phone as their wallet," said Gene Munster and Will Thompson, analysts at Loup Ventures, in a February report. The US is beginning to implement electronic payment systems on a wider scale , even after the technology has already become standardised in other countries . A study last year found just 3 % of cards registered in the US are contactless , compared to 64 % in the UK and 96 % in South Korea , with analysts citing the size and complexity of the US market as the reason for the slow uptake . The transition towards contactless payments is expected to be faster than the one towards chip and pin systems , with most existing card terminals already offering contactless services .
The US is beginning to implement electronic payment systems on a wider scale , even after the technology has already become standardised in other countries . A study last year found just 3 % of cards registered in the US are contactless , compared to 64 % in the UK and 96 % in South Korea , with analysts citing the size and complexity of the US market as the reason for the slow uptake . The transition towards contactless payments is expected to be faster than the one towards chip and pin systems , with most existing card terminals already offering contactless services .