Apple Pay adoption is 'underwhelming to date by nearly every objective standard,' says Goldman Sachs (AAPL, GOOG, GOOGL)

Apple/Screenshot Apple Pay, Apple's mobile wallet that allows users to pay at stores and online with their smartphone, launched in 2014 to a lot of fanfare. The next year, Google and Samsung matched Apple with their own smartphone wallets, Android Pay and Samsung Pay, respectively. But a few years later, mobile wallet adoption has been "underwhelming to date by nearly every objective standard," Goldman Sachs analysts wrote in a report distributed to clients on Friday. "Despite much publicity upo...