Apple could generate a billion dollars through its currently U.S.-only Apple Pay service across the next year, and is likely to generate millions of dollars on Black Friday sales alone.

Big numbers

That’s the best case scenario, and of course Apple is unlikely to share its actual results. The estimates are based on the assumption it takes a small 0.10% fee on each transaction, as is widely believed.

Put that transaction fee up against these stats and you see the potential revenue the company may attract in the USA:

The potential is limited by the fact that only a few million Americans have an Apple Pay compatible smartphone, although Apple has set the mobile payments industry alight, raising interest in other mobile payments providers. This translates into usage that is bound to put a few dollars under Cupertino’s Christmas tree.

To read this article in full or to leave a comment, please click here

…