2/14/2020
`
`Apple Pay transaction volume growing 4x as fast as PayPal, Tim Cook says - 9to5Mac
`
`
`
`Guides
`
`
`Mac
`
`
`iPhone
`
`
`Watch
`
`
`iPad
`
`
`Music
`
`
`TV
`
`Save $200 on Pixel 4 XL.
`Get it at store.google.com.
`
`From
`$699
`$899
`
`Buy now
`
`Free shipping.
`Terms apply.
`
`OCTOBER 30, 2019
`
`Apple Pay transaction volume growing 4x as fast as PayPal, Tim Cook says
`
`Chance Miller - Oct. 30th 2019 4:15 pm PT  @ChanceHMiller
`
`13 Comments
`
`    
`
`
`
`Apple Pay has been growing at a brisk pace recently, and Tim Cook is making a point to emphasize that fact.
`During Apple’s Q4 2019 earnings call today, Cook touted that revenue and transactions for Apple Pay doubled
`year-over-year as the service continues to outpace PayPal.
`
`From $699 $899
`
`Save $200
`on Pixel 4 XL.
`Get it at
`store.google.com.
`
`Buy now
`
`Free shipping.
`Terms apply.
`
`During Apple’s Q3 2019 earnings call earlier this year, Cook pointed out that Apple Pay was growing faster
`than PayPal. This time around, Cook continued that comparison – but with some more data.
`
`In total, Cook says that there were 3 billion Apple Pay transactions during Q4 2019. Apple Pay transactions and
`revenue both doubled year-over-year, Cook added.
`
`https://9to5mac.com/2019/10/30/apple-pay-transaction-volume-paypal/
`
`1/5
`
`IPR2020-00019
`Fintiv EX2018 Page 1
`
`

`

`2/14/2020
`
`Guides
`
`Apple Pay transaction volume growing 4x as fast as PayPal, Tim Cook says - 9to5Mac
`What about PayPal? In comparison to PayPal, Cook says that Apple Pay exceeded PayPal transaction volume
`
`and is growing 4 times as fast.
`
`
`
`
`
`
`Mac
`iPhone
`Watch
`iPad
`Music
`TV
`All in all, Apple’s Q4 2019 represented an “all-time record revenues from payment services.” Here are Cook’s full
`remarks about Apple Pay:
`
`We had all-time record revenues from payment services. Apple Pay revenue and transactions more
`than doubled year-over-year, with over 3 billions transactions in the September quarter; exceeding
`PayPal’s number of transactions and growing 4x as fast. Apple Pay is now live in 49 markets around
`the world, with over 6,000 issuers on the platform.
`
`We believe that Apple Pay offers the best possible mobile payment experience, and the safest, most
`secure solution on the market. We’re glad that thousands of banks around the world participate.
`
`Apple also announced on the call that Apple Card will soon added a new 0% interest nancing option for
`iPhone purchases. You can read our full coverage of Apple’s Q4 2019 earnings release here.
`
`Read more:
`
`US Census Bureau to use iOS devices for data collection and management in 2020 census
`Apple releases scal Q4 2019 earnings, announces revenue of $64 billion
`Tim Cook says iPhone 11 sales are off to a ‘very, very good start’ thanks to lower starting price
`Apple Card adding 0% nancing for iPhone purchases later this year
`Apple’s longtime Senior Director of Investor Relations announces retirement
`
`FTC: We use income earning auto aliate links. More.
`
`Subscribe to 9to5Mac on YouTube for more Apple news:
`
`
`
`watchOS 6: Top Features & Changes for Apple Watch!watchOS 6: Top Features & Changes for Apple Watch!
`
`https://9to5mac.com/2019/10/30/apple-pay-transaction-volume-paypal/
`
`2/5
`
`
`
`Watch laterWatch later
`
`
`
`ShareShare
`
`IPR2020-00019
`Fintiv EX2018 Page 2
`
`

`

`2/14/2020
`Guides
`
`Guides
`Mac
`
`
`
`Apple Pay transaction volume growing 4x as fast as PayPal, Tim Cook says - 9to5Mac
`
`
`Watch
`
`
`iPad
`
`
`iPhone
`Apple Pay
`Apple Pay is Apple's mobile payments solution rst introduced in 2014.
`
`
`Music
`
`
`TV
`
`About the Author
`
`Chance Miller
`@ChanceHMiller
`
`Chance is an editor for the entire 9to5 network and covers the latest Apple news for 9to5Mac.
`
`Tips, questions, typos to chance@9to5mac.com
`
`Chance Miller's favorite gear
`
`Powerbeats Pro
`
`The best workout headphones.
`
`Logitech Powered
`
`My go-to wireless charging stand.
`
`Review: iPad 7 - the best iPad
`Review: iPad 7 - the best iPad
`for most people
`for most people
`
`Digitimes: Coronavirus delay
`Digitimes: Coronavirus delay
`will not impact iPhone 12
`will not impact iPhone 12
`
`Everything we know so far
`Everything we know so far
`about the 2020 iPad Pro
`about the 2020 iPad Pro
`
`Hands-on: 90W GaN dua
`Hands-on: 90W GaN dua
`C charger from RAVPowe
`C charger from RAVPowe
`
`Comments for this thread are now closed
`
`13 Comments
`
`9to5Mac
`
` Recommend
`
`
`
`t Tweet f Share
`
`×
`
`Login1
`
`Sort by Best
`
`Like this article?
`https://9to5mac.com/2019/10/30/apple-pay-transaction-volume-paypal/
`
`3/5
`
`IPR2020-00019
`Fintiv EX2018 Page 3
`
`

`

`2/14/2020
`
`Apple Pay transaction volume growing 4x as fast as PayPal, Tim Cook says - 9to5Mac
`
`Subscribe to 9to5Mac's Newsletter for the roundup of news FREE to your inbox daily
`
`
`
`
`Guides
`Mac
`iPhone
`Enter email address
`✉
`
`
`Watch
`
`
`
`iPad
`Music
`Subscribe
`
`
`TV
`
`Hide this message
`
`RazorSky • 3 months ago
`Well going from 1 to 100 is a lot easier than going from 1 million to 1.5 million... Paypal is an
`established platform, Apple is new here.
` 5 △ ▽ 1
`•
`Share ›
`
`Richard
` • 3 months ago
`> RazorSky
`"exceeding PayPal’s number of transactions"
`
`So if PayPal is at 1.5 million, Apple Pay is exceeding that number, and growing faster.
` 3 △ ▽
`•
`Share ›
`
`thunderqus
` • 3 months ago
`> RazorSky
`maybe i am wrong but paypal is hardly touch and pay where as Apple Pay is not only
`touch and pay but also send money and used inside apps and to an extend on some
`websites too.
` 1 △ ▽
`•
`Share ›
`
`Captain On!
` • 3 months ago
`> thunderqus
`I'm pretty sure PayPal has all of that functionality as well.
`•
`Share ›
`
`△ ▽
`
`runbuh
` • 3 months ago
`> Captain On!
`Primarily, PayPal is for online transactions. I'm sure they have some
`sort of app and/or credit card you can get, but they started out by
`dominating the secure online payment scene. I imagine most people still
`use them that way.
`
`I'd like to see the breakdown between Apple Pay online/physical versus
`PayPal online/physical just to understand if my thoughts are anywhere
`close to being right.
`
`Given that I have an Apple Watch, I use Apple Pay for every physical
`transaction I can. On the other hand, I use PayPal for every online
`transaction I can. My Apple Pay to PayPal ratio is probably 3-to-1,
`especially since Target started taking Apple Pay.
`•
`Share ›
`
`△ ▽
`
`errata-corrige • 3 months ago
`Privacy. Safe. Fast. Easy to use. Apple Pay is the best. It did bring progress also in the old
`Europe , where the services usually don’t work properly. Apple pay work great.
` 1 △ ▽
`•
`Share ›
`
`cronn • 3 months ago
`I was trying to buy in-flight wi-fi a couple of weeks back. I was hoping for Apple Pay as I made
`my way through the purchase process, but I was offered to choose between credit card or
`Paypal. I chose Paypal since my wallet was buried deep in my pants pocket. First, username
`and password. The Lastpass autofill didn't work so I had to copy and paste manually. Then it
`asked for 2-factor auth via SMS... while I was in the air, somewhere over northern Germany.
`Excellent.
`
`With Apple Pay, I would have been surfing the web already at that point.
` 1 △ ▽
`•
`Share ›
`
`Preetham Eranki • 3 months ago
`The Apple Card kinda forces you to adopt Apple Pay w(because of it's 2% incentive). If not,
`l
`ld
`t h t diti
`l
`dit/d bit
`d
`i
`i
`https://9to5mac.com/2019/10/30/apple-pay-transaction-volume-paypal/
`
`4/5
`
`IPR2020-00019
`Fintiv EX2018 Page 4
`
`

`

`2/14/2020
`
`Guides
`
`Apple Pay transaction volume growing 4x as fast as PayPal, Tim Cook says - 9to5Mac
`people would use teh traditional credit/debit card swiping.
`
` 1 △ ▽ 3
`•
`Share ›
`
`
`
`
`
`Mac
`iPhone
`Watch
`iPad
`Music
`crateish • 3 months ago
`Who the Hell uses PayPal still? What year is this?
`•
`Share ›
`
`
`TV
`
`△ ▽
`
`Captain On! • 3 months ago
`What do they count as transactions? It's possible that Apple Pay users send each other
`money less than PayPal users, and that Apple Pay is used for purchases more than PayPal
`(one service for money transfer, the other for payment), and if they're counting payments and
`not transfers as "transactions" then it's reasonable.
`•
`Share ›
`
`△ ▽
`
`Josh • 3 months ago
`Title is such a misleading statement to be honest
`
`Yes, they’re growing faster than PayPal, but that’s also because PayPal can’t grow but so
`much more
`△ ▽ 2
`•
`
`Share ›
`
`Richard
` • 3 months ago
`> Josh
`No it's not misleading, as Apple Pay is exceeding PayPal’s number of transactions,
`
`https://9to5mac.com/2019/10/30/apple-pay-transaction-volume-paypal/
`
`5/5
`
`IPR2020-00019
`Fintiv EX2018 Page 5
`
`