Subscribe & Follow

Advertise your job vacancies

Apple to launch online payment in China: report

SHANGHAI - Apple will launch an online payment service in China, media said, as the tech giant seeks to expand in its largest market outside of the US despite fierce competition from local rivals...

21 Sep 2015

Image credit: http://www.apple.com/apple-pay/

An Apple company offering online payment has launched in the Shanghai Free Trade Zone (FTZ), an area set up as a testbed for financial reforms, China News Service reported late Thursday.

Apple didn't give a date for the launch, but the company told AFP that CEO Tim Cook hopes to set-up Apple Pay in China "as quickly as possible".

Cook previously said that he expects China one day to surpass the United States to become Apple's largest market. But China's e-commerce giant Alibaba dominates the country's online payment sector, with the Paypal-like Alipay taking around 80 percent of the market.

Internet firm Tencent is also catching up with a similar service provided via its popular messaging application WeChat.

Source: AFP

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za