Deutsche Bank: Apple Pay adoption increased 52% year-on-year and is eating into PayPal's market share

In a recent report, Deutsche Bank analyst Bryan Keane cited Salesforce's holiday spending data and said that the adoption rate of Apple Pay, Apple's payment service, grew at a "very fast pace" this holiday season, up 52% ​​year-on-year.

Behind the rapid growth of Apple Pay, long-dominant PayPal has declined. Keane pointed out that PayPal's global adoption rate has fallen 8% year-on-year. Apple Pay and PayPal now account for 5% and 16% of global e-commerce purchases, respectively.

According to Adobe statistics, as of 6 p.m. Eastern Time, the spending on Cyber ​​Monday this year was $6.3 billion. Adobe believes that this year's Cyber ​​Monday is expected to set a new record, reaching $11.2-11.6 billion.

According to Mastercard SpendingPulse data, U.S. retail sales (excluding autos) on Black Friday grew 12% year-over-year, which was lower than Mastercard's 15% growth forecast.

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