Apple Pay launches in China where e-payments widely used

February 18, 2016
Apple Pay launches in China where e-payments widely used
An employee works on a laptop computer as he talks with a customer near a sheet showing accepted methods of payment, including Apple Pay, top left, at an Apple Store in Beijing, Thursday, Feb. 18, 2016. Apple Inc. on Thursday launched its smartphone-based payment system in China where the electronic payments market is already dominated by an arm of e-commerce giant Alibaba. (AP Photo/Mark Schiefelbein)

Apple Inc. on Thursday launched its smartphone-based payment system in China, where the electronic payments market is already dominated by an arm of e-commerce giant Alibaba.

Apple said Apple Pay could be used with cards from 19 banks and "numerous merchants." The merchants include supermarket Carrefour, fast food outlets McDonald's and KFC, and convenience store 7-Eleven, according to a news release Wednesday from China UnionPay, the country's state-owned credit card processor with which Apple is working.

Apple's electronic payment system started in the United States in October 2014 and has since spread to Britain, Canada and Australia. Hong Kong, Singapore and Spain are coming this year.

Apple Pay is a late arrival in a Chinese electronic payments market that offers smartphone users not just online shopping but also the option to order taxis, send money to friends, pay bills and invest in wealth management funds.

The market is dominated by Alipay, an arm of the e-commerce giant Alibaba Group. WeChat Payment, operated by social networking and gaming company Tencent Holdings Ltd, is also popular.

Apple Pay launches in China where e-payments widely used
A woman uses a displayed iPhone as a customer talks with an employee, right, at an Apple Store in Beijing, Thursday, Feb. 18, 2016. Apple Inc. on Thursday launched its smartphone-based payment system in China where the electronic payments market is already dominated by an arm of e-commerce giant Alibaba. (AP Photo/Mark Schiefelbein)

Apple's system will allow UnionPay cardholders to make payments at retail stores via Apple iPhones and Apple Watches. The service also enables in-app payments on iPhones and iPads.

Apple has declined to say how the company and UnionPay would divide the costs and revenues of their venture.

Explore further: Apple digital wallet heads to China

Related Stories

Apple digital wallet heads to China

December 18, 2015

Apple announced a major partnership with China UnionPay to put is digital wallet to work in the world's most populous country.

Apple Pay expands as it vies for broader acceptance

November 17, 2015

Apple's year-old mobile-payments service is expanding to more countries, banks and merchants, as it faces growing competition and some challenges before it becomes as commonplace as plastic cards.

Apple's mobile payments to launch in Britain

June 8, 2015

Apple announced Monday it would launch its tap-to-pay mobile payments system in Britain next month, allowing iPhones to be used to pay at 250,000 locations including London's transit system.

Recommended for you

WhatsApp vulnerable to snooping: report

January 13, 2017

The Facebook-owned mobile messaging service WhatsApp is vulnerable to interception, the Guardian newspaper reported on Friday, sparking concern over an app advertised as putting an emphasis on privacy.

US gov't accuses Fiat Chrysler of cheating on emissions

January 12, 2017

The U.S. government accused Fiat Chrysler on Thursday of failing to disclose software in some of its pickups and SUVs with diesel engines that allows them to emit more pollution than allowed under the Clean Air Act.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.