Chase Bank says it has activated over 1 million Apple Pay accounts

Chase Bank has revealed that more than one million of its customers are using their debit/credit cards with Apple's mobile payments service Apple Pay, which launched in the US in late October last year.

It was also revealed that the bank's customers who use Apple Pay are on an average nine years younger and earn 21% more money than its other customers. Around 69% of the transactions they make are credit-based, the bank said.

Recently, Bank of America revealed that nearly 800,000 of its customers have started using Apple's new payment method. The total number of financial institutions that support Apple Pay has now crossed 80.