Smartphone Dependence, Mobile Payments and Apple Pay

September 2, 2015

smartphone-dependency-Apple-pay

(Updated on May 20, 2016)

Over the last decade, our cellphones — specifically our smartphones — have evolved from a modern convenience to a permanent fixture in our lives. In many pockets and purses, it seems our smartphones are scheming to replace things we once carried in our wallets.

From cash to grocery receipts — family photos to business cards — our smartphones make accessing information easy. That’s the idea behind Apple Pay™. Users with certain Apple® devices can pay for goods and services without opening their physical wallet or purse.

Apple Pay has expanded in Canada to accept Interac debit, Visa and Mastercard along with American Express. Approximately nine million Canadians are already using an iOS device. Many Canadian iPhone users will have a simple, seamless way to make mobile payments.

But just how much do Canadians depend on their smartphones? We asked. Here is what they said: 

How-Much-Do-Our-Smartphones-Matter

Why This Matters for Canadian Businesses

For many Canadians, using their smartphones to schedule appointments, collect reward points and update their banking is normal. Today’s customers don’t want excuses about why a business doesn’t accept Apple Pay. They want to pay their way with the device in their hand. 

 

This article is for informational purposes only and it is not intended to provide you with any personalized financial, marketing, accounting or tax advice. Neither Moneris Solutions Corporation (Moneris) nor any of its affiliates shall be liable for any direct, indirect, incidental, consequential or punitive damages arising out of use of any of the information contained in this article. Neither Moneris nor any of its affiliates warrant or make any representation regarding the use or the results of the use of the information, content and materials contained in this article in terms of their correctness, accuracy, reliability or otherwise.

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