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Alibaba will help Apple to launch payment service Apple Pay in China

Payment system Apple Pay is currently available only in the US but Apple is actively preparing for the launch of the service on the territory of other countries. According to Reuters, the main partner of American corporations in China will perform Alibaba is the largest company in the field of Internet Commerce.

Apple Pay was introduced in September last year, and its official launch on the American market took place in the second half of October. The system allows iPhone 6, iPhone 6 Plus, Apple Watch, iPad Air 2 and iPad mini 3 to make payments in stores and on the Internet in a contactless manner using a communication technology near field NFC.

In the U.S., various technological innovations have a chance to settle down in the shortest time. However, recently Apple has become extremely important market of China. Back in October, the company Alibaba, which account for the largest ever initial public offering (IPO), has said it is open to cooperation with the California giant on the introduction in China of its payment system.

According to the newspaper, Apple liked the offer of the Chinese company and currently it is in talks with Alibaba and Chinese banks in order to develop a scheme for the introduction of Apple Pay in China. No details, however, are not reported.

Previously, Tim cook asserted the importance of the Chinese market for Apple. “China indeed is a key market for us. Everything we do will work here. And Apple Pay is top of the list,” said cook. The CEO noted that in order to provide users with the iPhone 6 and the Apple Watch is the ability to use smartphones as a digital wallet, Apple need to hold a series of meetings to discuss the terms of cooperation with banks, trading companies and mobile operators.

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In early 2015 it was reported that Apple has begun hiring for team Apple Pay, which will work in the UK. Position description States that the geography of the availability of a new payment system planned to expand to Europe, middle East, India and Africa. Thus, it is possible that Apple Pay in the foreseeable future will get to Russia.

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