The Latest Insights from International Online Marketing
Apple Pay has had a successful launch in China.
3 million people activated Apple Pay on their phones within the first 2 days alone.
Apple Pay has partnered up with 19 banks in China, covering 80% of all bank card-holders in the country.
Users who have the most recent Apple products will be able to add their bank card details to the payment platform, and will then be able to use their iPhone, iPad or Apple Watch to buy products in any shop with a contactless payment reader.
China is the fifth country that Apple Pay has rolled out in. It also has a presence in the US, Canada, the UK and Australia.
Mobile payments are very popular in China. Apple Pay goes up against already-established competitors such as Alipay, Tenpay and WeChat Pay.