Sunday, September 20, 2015

The electronic payment service Pay Apple comes to China – Trade

Apple Pay, the payment system for mobile platforms, has reached Chinese in order to participate in the huge market of electronic payments in this country.

The company was registered in June in the Free Trade Zone of Shanghai, according to documents distributed by that entity and released Friday by the official news agency Xinhua, although Apple not been confirmed.

The software giant has been long trying to break into the Chinese market of electronic payments, which it is estimated could reach in the future a billion dollars in profit.

CEO Apple , Tim Cook, paid a visit to Chinese last May to promote the expansion of their company, and hopes that China will become its biggest market in two years.

For this, the company Apple was planning to introduce and expand its apple pay system and give a strong impetus to the creation of its stores across the country, which would go from 22 to 40.

According to the official information agency Apple is in talks with UnionPay, a Chinese banking consortium card payments.

Previously, we had reported that the company negotiated the apple pay input Chinese in collaboration with the e-commerce company Alibaba and Tencent telecommunications company.

So far, attempts to establish systems mobile payments Chinese through NFC technology (no contact between terminal devices and the store) has not had much acceptance among consumers.

A system launched by Alibaba and allows pay through scanning a QR code is more popular in China

Source:. EFE

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