“Alibaba CEO Jack Ma created a stir at a technology conference Monday night when he expressed interest in partnering with Apple on its new payments system, Apple Pay,” John Mason reports for TheStreet. “Alibaba — the Chinese Internet giant that recently went public in the U.S. — has its own payments system, Alipay, with some 300 million users. Apple just entered the payments market a week ago. Tying Apple Pay with Alibaba would create a massive new electronic payments system that could transform the fledgling industry.”
“Apple CEO Tim Cook, who was also at the conference, said he would talk with Ma soon about joining forces. Cook also announced that more than one million credit cards were activated with Apple Pay within the first 72 hours the service was open to the public,” Mason reports. “The important part of Cook’s announcement is that the response to Apple Pay seemed to be overwhelming. That’s what is needed to spur the latest technology onwards.”
“Apple has almost a cult following. No other maker of computer applications has such a large group to true believers,” Mason opines. “Just because Apple does something immediately draws a large crowd of the faithful.”
MacDailyNews Take: You know, like Ping.
“This group of followers tends to be young and tech-savvy. They represent the next generation. They point to what the future is going to look like,” Mason writes. “Still, there hasn’t been quite enough buzz yet. But now, it seems as if that buzz has arrived with Apple Pay…”
Read more in the full article here.
MacDailyNews Take: In just one week, Apple Pay has already facilitated more transactions than all other ‘contact less’ payment methods combined! (Which shows how much of an epic faceplant Google Wallet has been; released over three years ago on September 19, 2011.)
Boycott CVS and Rite Aid and any other company that willfully turns off NFC in a effort to block the vastly more secure, much more private, and far easier-to-use Apple Pay service.
• Email complaints to CVS Customer Relations here.
• Email complaints to Rite Aid Customer Relations here.
Related articles:
In one week, Apple Pay already No. 1; used more than all other mobile payment systems combined – October 28, 2014
Alibaba’s Jack Ma says open to working with Apple on Apple Pay – October 28, 2014
Tim Cook blasts CVS, Rite Aid over Apple Pay blockade: ‘You only are relevant if your customers love you’ – October 28, 2014
Seeking personal data, Walmart, Best Buy, and others won’t let shoppers enjoy Apple Pay privacy – October 27, 2014
Boycott CVS and Rite Aid – October 27, 2014
Bad business: CVS and Rite Aid antagonize their most well-heeled customers by blocking Apple Pay – October 27, 2014
CVS stores reportedly disabling NFC to shut down Apple Pay – October 25, 2014
iPhone users earn significantly more than those who settle for Android phones – October 8, 2014
Yet more proof that Android is for poor people – June 27, 2014
More proof that Android is for poor people – May 13, 2014
Apple’s iOS dominates in richer countries, Android in poorer regions – March 25, 2014
Twitter heat map shows iPhone use by the affluent, Android by the poor – June 20, 2013
iPhone users smarter, richer than Android phone users – August 16, 2011
Yankee Group: Apple iPhone owners shop more, buy more, remain more loyal vs. other device users – July 20, 2010