Apple Pay may be coming to the biggest retailer yet
But Apple (AAPL) and Home Depot haven’t yet reached a deal, according to the Bloomberg article:
“It’s something we’d like to do,” Steve Holmes, a spokesman for Atlanta-based Home Depot, said on Tuesday. However, a deal with Apple isn’t in place, so the plan isn’t final, he said. The chain, which currently accepts PayPal, also may add other kinds of mobile payment, he said.
Home Depot’s checkout terminals have near-field communication readers, so shoppers at its stores are already able to use Apple Pay at some of Home Depot’s stores, despite there not being an agreement, Bloomberg said.
According to Bloomberg:
If it pushes ahead with the plan, Home Depot would join chains like Macy’s Inc. and Whole Foods Market Inc. in embracing Apple Pay at stores. Many other retailers are betting on a mobile-payment option from the Merchant Customer Exchange, which was founded in 2012 by companies such as Wal-Mart Stores Inc. and Target Corp. That offering, CurrentC, is still being developed.
Apple Pay is likely to process $67 billion worth of sales this year, according to Forrester Research, which was cited by Bloomberg in the article.