Apple in talks to launch Apple Pay in China
Apple Inc is in talks with Chinese banks and Alibaba Group Holding Ltd on launching thefirm’s mobile payment system in China, Chief Executive Tim Cook told Xinhua news agency in an interview published on Tuesday.
“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.”
Apple Pay allows consumers using Apple devices to buy goods by holding the device up to readers installed by store merchants. It was launched in the United States last September and quickly began to handle more transactions than all other “contact-less” payment methods combined, Apple said. Cook said he believed it could take off even faster in China.