Apple Pay Launches In China, France Could Be The Next
Mobile payment service is the current rage and people are more inclined towards making payment using their mobile phones rather than cards. It’s no wonder the popularity of payment apps launched by several tech giants are growing in leaps. To keep up with the trend, Apple Inc., introduced Apple Pay app in China today. Good news is, if the company manages another secured deal, France could be next.Advertisement
The move was initiated last year when Apple joined hands with UnionPay, but the deal needed some approvals. Finally, the everything is ready now and Apple is excited about its new entry into the Asian payment market.
The Chinese market is already dominated by several electronic payment services, and so to survive, Apple will have to impress its consumers. A breakthrough technology called NFC or near-field communications, used by the Apple’s payment app allows user to make payment through online without relying on a telecom network. On the contrary, the Chinese mobile payment services help consumers make payments over a telecommunications network.
You will require using any of Apple’s devices, iPads, or iPhones or Apple Watches to make payment for products or services via Apple Pay. What you need to do is tap your device against a scanner featuring UnionPay or Apple Pay’s QuickPass, and payment is done, reports WSJ.
A market survey revealed that about 68% of the total Chinese population owns a smartphone and so digital wallets have become the daily norm in making payments for goods and services, states BBC. However, people may feel skeptical about the security of payment apps, but Apple promises proper service. According to the tech giant, “You can now support Apple Pay for your customers in China, providing an easy, secure, and private way for them to pay using their China UnionPay credit and debit cards.”
Apple Pay is already available in the UK, US, Australia and Canada. Rumors are floating around that Apple is eyeing France as its next launch destination this year, reports 9to5Mac.