Apple Pay, Apple 's mobile payment system, is set to become available in China from the end of 2015 to customers of the Industrial and Commercial Bank of China ( ICBC ). According to ICBC bank officials, the country’s largest lender will be joined by 19 other Chinese lenders, and two other prospective lenders, as its official Apple partners. Read more in the full article here. ICBC suggests that China is now the world’s biggest smartphone market, with 318 million mobile payments users by Thursday 18 February 2016 . Alibaba and Tencent are currently monopolising the Chinese mobile payments market through their WeChat and Alipay payment platforms.
Apple Pay, Apple 's mobile payment system, is set to become available in China from the end of 2015 to customers of the Industrial and Commercial Bank of China ( ICBC ). According to ICBC bank officials, the country’s largest lender will be joined by 19 other Chinese lenders, and two other prospective lenders, as its official Apple partners. ICBC suggests that China is now the world’s biggest smartphone market, with 318 million mobile payments users by Thursday 18 February 2016 . Alibaba and Tencent are currently monopolising the Chinese mobile payments market through their WeChat and Alipay payment platforms.