Apple Pay Expected to Launch in China by February 2016

Apple-Pay-250x434 (1) copyApple plans to launch Apple Pay in mainland China before the weeklong Spring Festival starting February 8, 2016, also known as the Chinese New Year, according to The Wall Street Journal.

The report claims Apple recently reached deals with China's big four state-run banks to launch Apple Pay, but the iPhone maker could still face regulatory hurdles in the country.

China's big four state-run commercial banks include the Bank of China, China Construction Bank, Industrial and Commercial Bank of China and Agricultural Bank of China.

Alipay and Tenpay are currently the two largest electronic payment platforms in China, with nearly 64% combined market share, according to the report, citing research firm Analysys.

China's only interbank network UnionPay holds a monopoly on the country's credit and debit card processing, effectively blocking MasterCard and Visa. The state-run organization does offer some credit cards affiliated with American Express, MasterCard or Visa for use abroad.

One Chinese developer who has seen the latest beta version of Apple’s mobile-operating system said logos for China’s UnionPay can be found within the package. China UnionPay Co. press officials didn’t respond to requests for comment.

Apple is committed to an international expansion of Apple Pay, having launched the mobile payments service in Australia and Canada last week in partnership with American Express. Apple Pay is also coming to Hong Kong, Singapore and Spain in 2016.

China has also been an oft-rumored candidate for Apple Pay. Apple CEO Tim Cook told Chinese news agency Xinhua in May that Apple "very much want to get Apple Pay in China," adding that he is "very bullish on Apple Pay in China."

Apple has registered an entity in the Shanghai free-trade zone to prepare for the launch of Apple Pay in China, the WSJ previously reported. Apple Technology Service (Shanghai) Ltd. was registered on June 10, per the Shanghai government's company registry.

Related Roundup: Apple Pay
Tag: China

Popular Stories

iPhone 17 Pro 34ths Perspective

iPhone 17 Pro Launching Later This Year With These 10 New Features

Sunday March 23, 2025 10:00 am PDT by
While the iPhone 17 Pro and iPhone 17 Pro Max are not expected to launch until September, there are already plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models as of March 2025: Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and the iPhone ...
Magic Mouse Green

What to Expect From the Magic Mouse 3

Saturday March 29, 2025 10:15 am PDT by
Apple is reportedly working on a new Magic Mouse. Below, we recap what to expect. The two key rumors for the Magic Mouse 3 so far include a relocated charging port, along with a more ergonomic design. It was briefly rumored that the Magic Mouse 3 would also feature voice control, but that was misinterpreted information. Relocated Charging Port While the Magic Mouse switched from...
top stories 2025 03 29

Top Stories: WWDC 2025 Announced, iPhone 17 Pro and iOS 19 Rumors, and More

Saturday March 29, 2025 6:00 am PDT by
Apple's big developer event is a little over two months away, and rumors about what we can expect to see in Apple's next major operating system updates are becoming increasingly frequent. A public release of iOS 18.4 is also imminent with a number of updates and improvements, although we won't be getting the major Apple Intelligence Siri upgrades that had reportedly been planned for this...
iOS 18

iOS 18.4 Expected Next Week - Here Are the Release Notes

Friday March 28, 2025 2:01 pm PDT by
With the second release candidate of iOS 18.4 that Apple seeded out today, the company finally provided us with release notes that give a full rundown on what to expect. There's an Apple Vision Pro app, new Apple Intelligence features for notifications and additional language support, plus an Apple News Food feature for Apple News+ subscribers, and several updates that should improve the...
maxresdefault

Apple Releases iOS 18.4 With Priority Notifications, Ambient Music, New Emoji and More

Monday March 31, 2025 10:03 am PDT by
Apple today released iOS 18.4 and iPadOS 18.4, the fourth major updates to the iOS 18 and iPadOS 18 operating system updates that came out last year. iOS 18.4 and iPadOS 18.4 come two months after Apple released iOS 18.3 and iPadOS 18.3. Subscribe to the MacRumors YouTube channel for more videos. The new software can be downloaded on eligible iPhones and iPads over-the-air by going to...
Foldable iPhone 2023 Feature Homescreen

Six Things to Know About Apple's Upcoming Foldable iPhone

Friday March 28, 2025 3:54 pm PDT by
We've been hearing rumors about a foldable iPhone for almost a decade now, but it looks like we might finally see the device come to fruition in 2026. We're going to be waiting many more months for the foldable iPhone, but so far we're hearing good things. Apple wants to make it creaseless. It's taken Apple multiple years to design a foldable iPhone that it's satisfied with because Apple ...
iOS 19 visionOS UI Elements

Apple Codename Provides Clue About iOS 19's Rumored New Design

Sunday March 30, 2025 6:40 am PDT by
Multiple sources have claimed that iOS 19 will introduce a new design with more translucent buttons, menus, notification banners, and more, and there is now another clue that points towards this glass-like appearance. Bloomberg's Mark Gurman today said the new design project is codenamed "Solarium" internally. A solarium is a room with glass walls that allow in plenty of sunlight, so this...
ipad pro 2024

Gurman: New iPad Pro and MacBook Pro Models With M5 Chips to Launch Later This Year

Sunday March 30, 2025 6:06 am PDT by
Apple's next-generation iPad Pro models with the M5 chip will "launch this year," according to Bloomberg's Mark Gurman. In his Power On newsletter today, Gurman said the new iPad Pro models have progressed to an "advanced testing" stage, and he expects mass production of the devices to begin in the second half of this year. If that timeframe is met, the new iPad Pro models could launch...
macOS Sequoia Feature

Apple Releases macOS Sequoia 15.4 With Mail Categorization and More

Monday March 31, 2025 10:04 am PDT by
Apple today released macOS Sequoia 15.4, the fourth major update to the macOS Sequoia operating system that launched in September. macOS Sequoia 15.4 comes two months after the launch of macOS Sequoia 15.3. Mac users can download the ‌‌macOS Sequoia‌‌ update through the Software Update section of System Settings. It is available for free on all Macs able to run macOS 15. With...

Top Rated Comments

Thunderhawks Avatar
122 months ago
Always amazing how people are upset (seriously?) about something that considering how long we live is only a blip in our lives.

Folks, you survived so far without Apple Pay and NFC!

Your Mom still loves you (I hope) and eventually Apple or Google or Samsung or Microsoft Pay will come to you
and be everywhere.

Good things come to those who wait!
Score: 4 Votes (Like | Disagree)
GenesisST Avatar
122 months ago
Pssst.. Apple! Don't forget Visa and Mastercard in Canada, pretty please!
Score: 3 Votes (Like | Disagree)
RimasM Avatar
122 months ago
Yeah. Screw the Europe, launch in China first.
Score: 3 Votes (Like | Disagree)
tmiw Avatar
122 months ago
Always amazing how people are upset (seriously?) about something that considering how long we live is only a blip in our lives.

Folks, you survived so far without Apple Pay and NFC!

Your Mom still loves you (I hope) and eventually Apple or Google or Samsung or Microsoft Pay will come to you
and be everywhere.

Good things come to those who wait!
I think people (at least in the US) expected a seamless experience just like with Apple's other products. Unfortunately it didn't work out that way, partly because Apple didn't expect such a huge backlash by some retailers and partly because the rest simply put off upgrading until the last second. Knowing what they know now, Apple probably would either have purchased LoopPay and included MST in their products to compensate or would have put a far greater emphasis on in-app use of Apple Pay in the US than in-store use for the first year or two.
Score: 3 Votes (Like | Disagree)
appledefenceforce Avatar
122 months ago
Europe is a more capital intensive market, actually, and FYI, by number of inhabitants as well. The GDP is higher than in US. So what's your point?
But Europe doesn't buy as many iPhones as other markets. So Europe can just sit down and wait. :p
Score: 2 Votes (Like | Disagree)
kdarling Avatar
122 months ago
0.15 for every $100 is a big cut? :confused:
In some countries, it's a HUGE cut.

For example, contactless fees in many EU countries such as France are only around 0.22%. The UK, which might be capping theirs soon the same way, is currently 0.65%. Either way, giving Apple 0.15% is impossible to support.

In Canada, the debit card fee is $0.006 (6/10ths of a penny) per transaction. In the US, Apple demands 1/2 cent per debit transaction, or what would be almost the entire Canadian fee.

--

And that's just the tip of the Apple Pay iceberg. Banks also have to pay Visa/MC etc for tokenization services per transaction. For example, MC charges $0.50 for provisioning a token, and $0.025 per token API call.

The banks also have to hire extra help centers for Apple Pay.

Moreover, they have to give Apple constant reports about purchase types and places... information that was formerly proprietary.

--

At least MC and the banks are providing servers and services and comms and fraud handling to earn their per-transaction fee.

OTOH, Apple itself has no such costs during a transaction, since they only provide the device (which they already made a huge profit on). The fee is basically a charge for access to their users (a classic the-customer-is-the-product scenario).
Score: 2 Votes (Like | Disagree)