Can CurrentC Beat Apple Pay In Payment Popularity Contest?
A group of merchants hope their payment system, CurrentC, is the answer to Apple Pay, but will the app, if it's ever released, catch on?By Jamal Andress | May 11, 2015
Apple Pay is everywhere and seems to only be expanding. In January, CEO Tim Cook proudly announced that out of every $3 spent using contactless payments, $2 was spent using Apple Pay.
That creates a big problem for Merchant Customer Exchange, or MCX, as well as its unreleased app CurrentC. CurrentC is the the merchant-led group's answer to Apple Pay, and it's the reason some of the country's largest retailers aren't accepting Apple's payment system.
Perhaps the largest on that list is Wal-Mart. Walmart is one of the founding member retailers when the Merchant Customer Exchange was created back in 2012.