More than 500m iPhone users have now activated Apple Pay

The number of iPhone users globally that have activated Apple Pay has grown by 66m over the past year, from 441m in September 2019 to 507m in September 2020, according to a study published by Loup Ventures.

The increase means that 51% of iPhone users have now activated Apple Pay, up from 48% last year.

The figures are based on an estimated 9% growth in the number of active iPhones from 915m to 1bn in the 12 months to September 2020.