February 19, 2016
It has been a while since we talked about Apple Pay. However, the mother corporation just today gave a reason to spread the big news across the Web – Apple Pay went live in China. The technicalities with Apple Pay are similar everywhere, but the story and the future are different in all of the now five countries the service is available in.
The launch of the service in China is a particularly important milestone for Apple because China is the second largest market behind the US by revenue. In Q3 2015, out of Apple’s $46.9 billion in revenue, China’s share was 27%. The reason behind China contributing such a bigger pie in the revenue is because of the demand for the iPhone in the region.
Regardless of the hardships Apple Pay will definitely ...