Apple Pay is Set to Launch in China to Contest Market Dominator AliPay
American multinational technology company, Apple, is set to launch its mobile payment network, Apple Pay, in China on February 18, 2016. Competition with Alipay. China, with nearly 1.3 billion mobile users, is the second biggest market for Apple Pay to target to date. The California-based company has already obtained support from the country’s largest financial lender, the Industrial and Commercial Bank of China, for its official launch. Apple believes that the mobile industry in China is growing at a rapid pace due to the explosive increase in the number of mobile broadband (3G and 4G)....
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Apple is about to launch it’s move into China, with its Apple Pay mobile payments platform set to go live on Thursday, February 18. Apple’s new digital payments application will be available to customers of the Industrial and Commercial Bank of China. This announcement comes after previous news that Apple planned to expand Apple Pay into China sometime during 2016 without giving a specific date. With this expansion set to be executed on February 18, China will become Apple Pay’s fifth country included in its service area.
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