“The Square Cash app for Apple Watch conveniently complements the mobile app for iPhone”, the company says. For that reason, Apple Pay has proven more transformative on Apple Watch, since the device is worn on the wrist and readily available for contactless payments.
Apple Pay on iPhone is a convenient and secure way to make payments without taking a debit or credit card out of your wallet, but you still need to take the smartphone out of your pocket to make a purchase. The free app lets you send “virtual stacks of cash” to friends, family, or anyone else you owe money to in denominations of $1, $10, $20, $50, or $100 with just a few taps on the high-tech wearable.
An exclamation point-laden report released today from Wristly, an organization that Apple has cited in the past, detailed the pretty impressive impact that Apple Watch has had on adoption of the Apple Pay service. To start making payments from your Apple Watch, download the updated Square Cash app for free in the App Store. You’re also able to sign up for Square Cash online without having to download the app.
According to the survey, only 20% of respondents indicated that they “do not perceive a benefit” to Apple Pay due to some security concerns or their payment needs are already being met. Frequent use of the service is also pretty high with 78% of Watch/Pay users reporting that they use the service on at least a weekly basis.
And for any retailers unsure whether supporting Apple Pay would be worthwhile, a massive 96% of Watch owners want to use it at more locations, with 62% of them visiting supporting retailers more often.
If given the choice, 79% of respondents would much rather use Apple Pay on the Apple Watch.