Apple CEO Tim Cook revealed the company doubled Apple Pay transactions to 3 billion in its fiscal fourth quarter, claiming the digital wallet service had grown four-times faster than rival rival PayPal.

Cook revealed the year-on-year milestone in Apple’s earnings call yesterday (30 October) for its fiscal Q4 ending September this year, stating: “We had all-time record revenues from payment services.”

The service launched in 2014 and is now live in 49 markets globally, with 6,000 partners supporting the digital wallet (“thousands” being banks such as Allianz, HSBC and Lloyds).

In February the company launched Apple Pay into Saudi Arabia and the Czech Republic, taking total territories to 30 at the time.

Apple regularly praises its digital wallet service but does not usually reveal comprehensive figures.