Apple Pay set to launch in China

News Wireless China 17 FEB 2016
Apple Pay set to launch in China
The Apple Pay mobile payment system will be available in China from 18 February for customers of Industrial and Commercial Bank of China, according to social media posts by the bank's representatives. Apple previously said the system would launch in China in early 2016, making it Apple Pay's fifth country. ICBC is China's biggest lender by assets.

An Apple spokeswoman declined to comment on ICBC's posts, Reuters reports, but Apple's China website lists 19 Chinese lenders as official Apple Pay partners. China's state radio reported on its website that China Guangfa Bank and China Construction Bank will be among the first banks to launch Apple Pay. Apple Pay will compete against leading local internet companies Tencent, which operates WeChat Payment, and Alibaba's Ant Financial, which runs the Alipay service. 

Categories:

Mobile

Companies:

Apple

Countries:

China

Tags:

e-Payment, Launch, Wireless, Wireless-ShortRange

Related Articles

CHINA 18 APR 2016

Alibaba's Ant Financial prepares for IPO - report

Alibaba's Ant Financial is planning an initial public offering on Shanghai's main board in what could be China's highest IPO valuation since 2010, Bloomberg reported, citing sources familiar with the matter. An IPO at a USD 60 billion valuation would be the biggest on the mainland since Agricultural Bank of China listed in Shanghai in 2010.

GLOBAL 4 APR 2016

FinTech will bring revolution and evolution

The financial sector is on the verge of major change, Citi GPS (Global Perspectives & Solutions) writes in a market report. The US bank says that innovative financial technology (FinTech) will revolutionise financial services in Africa, China and India. In Europe and North America FinTech also turns on the heat in lucrative niches, but that does not mean that everything else will change.

CHINA 26 FEB 2016

Apple Pay goes live in China

Apple has launched its Apple Pay mobile payment system in China, in partnership with Chinese bankcard association UnionPay. Chinese shoppers can now use the Apple Pay contactless payment system to make purchases, Xinhua news agency reports. Users of the iPhone 6 or more advanced versions, certain iPads and Apple Watches will be able to use their NFC-enabled devices to purchase items in stores across China.

CHINA 17 FEB 2016

Apple Pay vanaf 18 februari in China - Reuters

Apple lanceert zijn betaaldiensten op 18 februari in China, concludeert Reuters uit berichten via sociale media van een bank die Apple Pay gaat aanbieden. Het was al bekend dat Apple een contract heeft met China UnionPay, het netwerk voor alle betaalpassen en kaartbetalingen. De precieze datum van introductie was nog niet bevestigd. China is voor Apple een belangrijke markt. Apple Pay moet concurreren met gevestigde merken, zoals WeChat en Alipay. Apple werkt ook aan de introductie in de eurozone, waarbij S

UNITED STATES 5 FEB 2016

Apple Pay available in 2 mln retail locations

Apple said its mobile-payment service is used by over 2 million retail locations, with merchants such as Crate & Barrel, Chick-fil-A and Au Bon Pain rolling it out in stores, writes Bloomberg. Online retailer Zappos.com also added Apple Pay on its iPhone and iPad apps on 2 February. Head of mobile for Zappos, Aki Iida, said he may consider working with Apple's rivals such as Google's Android Pay. Apple passed its end-2015 target of 1.5 million retail locations that offer Apple Pay. Apple said the service's

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.