This means that Apple Pay is the only “tap-to-pay” NFC digital wallet available for iPhones--and that Apple Pay competitors, like Android Pay and Samsung Pay, are unable to access 40 percent of the smartphones in the United States. See, e.g., Philip Elmer-DeWitt, “About Apple’s 40% Share of the U.S. Smartphone Market,” Fortune, February 11, 2016, http://fortune.com/2016/02/11/apple-iphoneios-share/.
In the international financial markets, since the 1960s, we have been witnessing a fast and furious pace of development. The development here warrants the general designation of “globalisation” more than in any other sector. The major financial markets have grown closer and closer together.