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Apple and Samsung to bring mobile payments services to China

12/24/201512/27/2015 Jorge Gonzalez

Apple and Samsung have formed deals with UnionPay to enter China’s mobile payments market Apple and Samsung are set to compete with one another in China, which has become one of the world’s leading mobile payments markets. Both companies have managed to form deals with China’s UnionPay, one of the country’s largest banks. For Apple, this comes after a great deal of negotiation, where the company found resistance to its plans to enter into China’s mobile payments market. With an entry into the market, Apple predicts to find significant success…

Apple seeks to bring mobile payments service to China

12/02/201512/01/2015 Stephen Vagus

Apple is talks with Chinese banks to bring mobile payments service to the country Apple is looking to release its mobile payments service, Apple Pay, in China in the relatively near future. The company is reportedly in negotiations with four of China’s largest banks, including Bank of China, and the Industrial & Commercial Bank of China. If Apple can form a deal with these financial institutions, iOS consumers in China will be able to use Apple Pay to purchase products, both in physical stores and online. Apple Pay enables iOS…

China remains a leader in mobile payments

01/22/201501/20/2015 L. Green

Many things set China’s mobile commerce sector apart from those in other countries China has become one of the world’s leading mobile commerce markets, surpassing the United States in terms of mobile transactions. This may be due to the difference that exist between the two countries, especially when it comes to population. Chinese consumers have also shown that they are more willing to participate in mobile commerce, having a higher degree of comfort with mobile technology. Chinese companies have been quite aggressive with their promotion of mobile payments as well,…

Mobile payments through Alipay are wildly popular in China

12/11/201412/09/2014 Jennifer Goula

alipay home page snapshot mobile commerce payments

Unlike in North America, where adoption of these transactions has been slow, Alibaba has seen massive Chinese success. Alibaba, the tremendous e- and m-commerce company in China has been watching the success of its affiliated mobile payments service, Alipay, simply taking off throughout the length of 2014. In the first 10 months of this year, the use of Alipay made up 54 percent of all of Alibaba’s transactions. This represented a growth in the use of the mobile payments service of 22 percent when compared to the figures from all…

Apple Pay could make the leap into China’s mobile payments market

10/28/201410/25/2014 L. Green

CEO Tim Cook spent four days in the country and suggested that the service could be rolled out there. It may not be very long before Apple Pay rolls out in the tremendous Chinese market, as the CEO of the company, Tim Cook, suggested this about its mobile payments system when speaking to the state media. Cook explained that the launch of that service within China is at the “top of the list” for his company. Apple Pay was only just launched in the United States, this month, giving consumers…