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Apple Pay officially expands to China, but the country may not care

Posted: , by Michael H.

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Apple Pay officially expands to China, but the country may not care
A downturn in the Chinese economy has put a bit of a damper on Apple's plans to have the region help its flattening iPhone sales, but selling devices isn't the only way that Apple makes money. They company is hoping that Apple Pay will lead to a solid new revenue stream and so it has officially expanded the mobile payment system to China.

China is the fifth country to get access to Apple Pay. Supposedly, right out of the gate Apple Pay will support 80% of all credit and debit cards in China. Apple has big hopes for the country. Jennifer Bailey, vice president of the Apple Pay, told Reuters, “We think China could be our largest Apple Pay market.”

Unfortunately, Apple's hopes might be little more than pipe dreams, because only one-third of all retailers in the country that support mobile payment will be able to accept Apple Pay. Not to mention that the mobile payment ecosystem in China is reportedly already essentially saturated. Between China UnionPay, WeChat Payment, and Alipay from Alibaba, Apple might not really have any chance. One retailer flat out told Reuters that "no one is clamoring for China."

source: Reuters via AppleInsider

14 Comments
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posted on 18 Feb 2016, 18:24

1. cripton805 (Posts: 1440; Member since: 18 Mar 2012)


lolzzz

posted on 18 Feb 2016, 19:11

3. S.R.K. (banned) (Posts: 678; Member since: 11 Feb 2016)


China doesn't care....

posted on 18 Feb 2016, 20:21

4. cncrim (Posts: 823; Member since: 15 Aug 2011)


Of course Apple Pay, Samsung Pay or any xxxx Pay is not important to develope countries bc their bank institutions is not reliable and people still consider cash is the king.

posted on 18 Feb 2016, 20:45

5. S.R.K. (banned) (Posts: 678; Member since: 11 Feb 2016)


Cash has always been the king.
Who the hell pays buy card or phone. Stupid.

posted on 18 Feb 2016, 21:23

7. NexusX (Posts: 507; Member since: 16 May 2013)


mobile payment is more widely accepted in china than USA

http://www.wsj.com/articles/why-were-jealous-of-chinese-smartphones-1439915819

posted on 18 Feb 2016, 19:06 2

2. lyndon420 (Posts: 4370; Member since: 11 Jul 2012)


On the bright side of things...apple released an update for their error 53 issue today.

https://support.apple.com/en-ca/HT205628

posted on 18 Feb 2016, 21:02

6. TechieXP1969 (limited) (Posts: 10115; Member since: 25 Sep 2013)


Maybe now the fans will understand that working with more banks, doesn't matter when you have the acceptance issue.

Samsung needs to pull out all.stops. just go to Vida and Mastercard and say make all cards sporting your logo work with our system.

If they do that then Apple Pay is going to stay right where it is.
Retailers don't want to buy stuff. Samsung rook the better approach by working with what works now in the USA, and support for what could happen later.

Supporting both NFL and Magstrip is a huge advantage.
With Samsung Pay coming to Gear, iOS compatibility, Samsung can run this game.

Going for big banks with millions of card holders is a good thing. How many small banks does it take to equal the card holders of just American Express?

Apple needs to learn that trying to get rich with.buy trying to make everything locked down to justbyou, won't always work.
Why does Apple have such a problem with standards?
They could still make so much money if they just offer their same product and support standard stuff.

If Apple had supported magstrip, they would have slaughtered Android Pay to its death. But no, they go to NFC which has been stale since forever. The drawback of NFC is they have to buy hardware. Everyone isn't going to do this.

Using my phone as a wallet is cool. And if you are serious about getting people to leave their cards at home, you need to be able to work with the way most people pay. Most people pay by swiping, so why not support that first?

I never have to guess where Samsung Pay works. If Apple had this Google Pay, LG Pay and Samsung Pay If it only supported NFC would all be killed off. Unless they adopted too.
I'm a Europe NFC is above swiping. So if they really wanted to drive usage, having one iPhone support both would have made it useful on 2 of the largest continents for credit card usage. APPLE missed a huge opportunity.

posted on 18 Feb 2016, 21:29 3

8. Unordinary (Posts: 1692; Member since: 04 Nov 2015)


Didn't even read one word of your mumbo jumbo garbage lol but here, take this in.

http://9to5mac.com/2016/02/18/smartwatch-sales-outpace-swiss-watch-sales/

posted on 18 Feb 2016, 21:48

9. S.R.K. (banned) (Posts: 678; Member since: 11 Feb 2016)


Truth you don't belive in, but lies and Bs you do.

posted on 18 Feb 2016, 21:50

10. S.R.K. (banned) (Posts: 678; Member since: 11 Feb 2016)


Totally irrelevant to the topic.

posted on 18 Feb 2016, 22:42 4

11. Unordinary (Posts: 1692; Member since: 04 Nov 2015)


Haha it's funny cus you made that account 7 days ago and already have almost 200 posts.

posted on 19 Feb 2016, 02:12

12. flipjzn (Posts: 256; Member since: 22 Jun 2012)


i think to assume chinese people don't care, is wrong.
Apple may be a crap phone as anti apple would put it. But it is a popular phone, used for social status symbol. With that being said, considering the amount of iphones capable of apple pay sold in china in the past years, I doubt "chinese won't care." Fans are fans, they will use Apple pay and you shall see.

posted on 19 Feb 2016, 08:37

13. NexusX (Posts: 507; Member since: 16 May 2013)


you are right iphones are still very popular in China. but there are plenty of established alternative mobile payment that are supported on the iphone.

China UnionPay, WeChat Payment, and Alipay from Alibaba, etc as mentioned in the article. they just need to open the apps on their iphones

posted on 20 Feb 2016, 04:16

14. flipjzn (Posts: 256; Member since: 22 Jun 2012)


“Local reports state that 38 million bank cards had already been linked to Apple Pay in China by 5pm on Thursday,” said Mashable. “As per the Beijing Morning News, 10 million people were already signed up by 5am that morning: demonstrating the massive amount of interest.“
The servers crashed.
Told ya don't underestimate the fans.

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