Apple Pay might reach China in early 2016
Apple Pay has been around for a while, but its current reach is far from many attractive markets, such as Germany or Japan. This mobile payment and digital wallet service has entered the US market back in late October 2014, followed by Canada and Australia in mid-November, 2015. The last market to get Apple Pay was the United Kingdom, in mid-July, 2015. Now, it looks like China is the next in line.
According to a Dow Jones report, Apple plans to have the service up and running in China by the end of February. Choosing China as the next country to get Apple Pay is not a surprise, since the company's revenue there almost doubled year-on-year, reaching over $12.5 billion in the last quarter.
Back in September, Apple registered an entity in the Shanghai free-trade zone, while a former Alibaba manager became the head of Apple Pay China soon after that. In the meantime, Apple also hired people for other positions within the local Apple Pay team, so everything should be ready by now. We will probably hear more about this in early 2016, so stay tuned.
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