Information Latest News: Pay Apple is set to China for its large market of mobile payments

Sunday, September 20, 2015

Pay Apple is set to China for its large market of mobile payments – EntornoInteligente

Pay Apple is set to China for its large market of mobile payments / The Nation / Beijing (EFE)

. Apple Pay, the payment system from mobile platforms the software giant, has been established in China in its goal of participating in the huge market of electronic payments in this country.

The company was registered in June Free Trade Zone of Shanghai, according to documents distributed by that entity and released Friday by the official news agency Xinhua, although Apple has not confirmed.

The giant bite of the apple has been long trying enter the Chinese market for payments via mobile devices, which are estimated in the future could reach one trillion dollars.

The CEO of Apple, Tim Cook, paid a visit to China in last May to promote the expansion of his company, which provides that China will become its biggest market in two years.

To do this, Apple was planning to introduce and expand its apple pay system and give a strong impetus to the creation of its stores across the country, which would go from 22 to 40.

According to reports, Apple is in talks with UnionPay, a Chinese banking consortium card payments.

Previously, we had reported that the company based in Cupertino (California, USA) negotiated the entry of Apple Pay in China in collaboration with the e-commerce company Alibaba and Tencent telecommunications company.

So far, attempts to establish systems of mobile payments in China through NFC technology (no contact between terminal devices and the store) has not had much acceptance among consumers.

A system launched by Alibaba and allows you to pay by scanning a QR code is most popular. EFE

Information The Nation

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