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Apple Pay lands in China

CCTV.com

02-18-2016 19:30 BJT

Apple has launched its Apple Pay in China as it seeks to grab a share of China's increasing popular mobile payment market.

Apple has launched its Apple Pay in China as it seeks to grab a share of China

Apple has launched its Apple Pay in China as it seeks to grab a share of China's increasing popular mobile payment market.

Apple has 19 of China's biggest lenders as partners. That means 80 percent of China's credit and debit cards are eligible for Apple Pay, usable at about one-third of all locations that accept those cards.

Greater China is Apple's second-largest market by revenue. Data shows that about 360 million people are already buying goods and services with their mobile phones in China. 

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