Apple Pay hits China on February 18
After months of rumors, it seems like Apple Pay will lastly be launching in China on February 18, in line with social media posts from the nation’s largest financial institution, Industrial and Commerical Financial institution of China (ICBC). Up till now, we have been listening to that the cellular funds platform would hit China in “early 2016.” Whereas Apple hasn’t confirmed the launch, China’s state press notes that two different banks can be launching the service on the identical date, Reuters stories. Altogether, Apple presently lists 19 banks as its launch companions within the nation.
China is a very essential marketplace for Apple Pay: It is the most important smartphone market on the planet, however it additionally already has a number of huge cellular funds gamers, together with Tencent’s WeChat Cost. In contrast to the US and different nations, the place paying for issues together with your telephone is a comparatively new idea, Apple’s huge drawback in China will probably be proving that its cellular funds platform is definitely higher than the competitors.