“Apple Inc is in talks with Chinese banks and Alibaba Group Holding Ltd on launching the firm’s mobile payments system in China, Chief Executive Tim Cook told the official Xinhua news agency in an interview published on Tuesday,” Brenda Goh reports for Reuters.
“‘We very much want to get Apple Pay in China,’ Cook told Xinhua during a visit to the country. ‘I’m very bullish on Apple Pay in China,'” Goh reports. “Apple Pay, which allows consumers using Apple devices to buy goods by holding the device up to readers installed by store merchants, was launched in the United States last September and quickly began to handle more transactions than all other ‘contact less’ [sic] payment methods combined, Apple said.”
Goh reports, “Cook said he believed it could take off even faster in China.”
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MacDailyNews Take: The sooner the better. Perhaps this will spur China UnionPay along. Apple Pay availability can drive iPhone and Apple Watch sales.