Apple Pay at CVS, 7-Eleven, and Square
Entering CVS Health (NYSE: CVS) is a major coup for Apple Pay, because CVS operates 9,000 pharmacies and 1,100 Minute Clinics. Moreover, CVS Health is a major prescription processor that is acquiring the health insurance giant Aetna (NYSE: AET).
News reports did not say if the CVS Health pharmacies in Target (NYSE: TGT) stores will accept Apple Pay. Like, Walmart and Kroger (NYSE: KR) Target has been a notable Apple Pay holdout.
In addition, convenience store operator 7-Eleven will accept Google Pay and Apple Pay at its stores. 7-Eleven is accepting NFC payments , Retail Dive reports. However, Retail Dive did not say if 7-Eleven gas pumps will accept NFC payments.
Importantly, 7-Eleven operates nearly 8,000 stores nationwide. Acceptance by 7-Eleven is important because it shows working-class accept of mobile payment. To clarify, most of 7-Eleven’s customers are working-class Americans with limited incomes.