Considering how many iPhone users there are out there, you would think that should the opportunity arise to support payment platforms like Apple Pay, retailers would be on board. However at the same time we suppose the idea of transaction fees could have put some off, such as CVS who a couple of years ago decided to launch their own mobile payments solution.
However it looks like CVS might have had a change of heart because according to Apple’s CEO Tim Cook, both 7-Eleven and CVS are expected to support Apple Pay later this year. If you recall, both 7-Eleven and CVS were part of the Merchant Customer Exchange, an alliance that was meant to help cut transaction fees, but given how CurrentC eventually flopped, it looks like 7-Eleven and CVS don’t really have much choice anymore.
This is undoubtedly good news for Apple and Apple users who use Apple Pay as it means that there are more locations that supports its platform. The roll out of Apple Pay to the rest of the world has been a bit slow, but according to Cook, he claims that the market is growing as the company recorded over 1 billion Apple Pay transactions in the company’s third quarter alone.
This is said to represent triple of what they had experienced a year earlier. Speaking of international markets, in addition to 7-Eleven and CVS, Apple Pay is also expected to find its way to Germany later in the year as well.
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