RadioShack CIO: Apple Pay Succeeds Where Google Wallet ‘Flopped’

MELBOURNE, Australia – NFC Times Exclusive: U.S. retail electronics chain RadioShack is seeing 10% of its transactions from Apple Pay in its stores equipped with contactless readers, Michael Carper, CIO for the financially troubled retailer said.

Carper, speaking at the Cards and Payments Australia conference in Melbourne, told NFC Times after his presentation that RadioShack has so far equipped 1,200 of its remaining stores to accept contactless payment, including NFC-enabled Apple Pay, and said that the 10% estimate of sales from Apple Pay was in comparison to total sales in the 1,200 stores, including all purchases from cards and cash. 

RadioShack, which filed for bankruptcy protection in February, will close all but around 1,740 stores in the U.S. from more than 4,000 in operation last year.