Apple Pay in China- Want to know more about Apple Latest Plans. Here is what we got for China. So In 2016 Apple has made some plans about Apple Pay in China, check the information about Apple Pay. Apple pay was launched in the United States in October last year, now it is bringing this payment service to China, which is the world’s largest market for smartphones. The sale’s of Apple product nearly doubled in China in its fiscal fourth quarter from a year earlier.
Apple Pay in China:
Apple is going to launch Apple Pay i.e. Apple’s mobile wallet payment system in China in next year February 2016. Apple Pay will enable the users to make payments through using their Apple Watch and newer iPhones. Apple Pay can be complete with Alipay, the online payment platform which is run by Alibaba Holding Group Ltd affiliate Ant Financial, and Union Pay Co, a state-controlled consortium that has a monopoly on all yuan payment cards issued and used in the country.
Apple Pay in USA.:
Apple Pay has been started with launching within the United States in October 2014. It has since launched within the UK, Canada and Australia. A move to China would be given the potential market — smartphones are an enormous deal within Asian country — although the govt. may still cause issues for the would-be payment system. It is not clear what amount Apple would charge for purchases created through Apple Pay in China. The corporate gets 0.15% of all master card transactions and 0.5 % per debit payment in the United States.