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Tomorrow Apple will launch Apple Pay in China

Tomorrow, 18 February, Apple will launch its payment service brand in China. The corresponding agreement was signed with the national payment system China UnionPay and Chinese banks 19.

According to informed sources, Apple Pay will operate in mainland China. In this country the market of electronic forms of payment for goods and services are already developed well enough. This segment is dominated by service Alipay, which refers to companies Alibaba and Tencent. Latest integrated technology into the popular WeChat app for smartphones and other devices.

Apple Pay will start to work for clients of Industrial and commercial Bank of China. Other banks are also planning to join the mobile payment system.

As noted by The Wall Street Journal, China with more than 358 million people in the country pay for goods and services using mobile devices, more than 416 million online. In the United States the share of Apple Pay accounts for 0,15% of credit card payments and 0.5% debit.

At the end of December last year about coming at the beginning of this year, the launch of Apple Pay in China was reported by the newspaper “Beijing, cinanima”. She, however, did not name the exact timing of the debut.

China is the second largest market for Apple products and will become the fifth country to use Apple Pay. Not all countries are ready to accept Apple Pay: banks of Australia and Britain actively resist the emergence of mobile payment systems from Apple on their territories.

Apple Pay was launched in the US in October 2014 after entering the market of smartphones iPhone 6 and iPhone 6 Plus. Last year this system was launched in the UK, Canada and Australia, in 2016, Apple plans to launch it in Spain, France and Singapore.

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