According to fresh reports coming from Dow Jones & WSJ, it seems hat Apple plans to launch Apple Pay in China by February. Apple is said to have secured agreements with the four largest banks in China to support the platform.
Apple created a company in the Shanghai free-trade zone in the beginning of this fall, hinting at its plans to Apple Pay in the country. China is already a bigger market than Europe for Apple, so the potential is huge.
In China, mobile payment is currently dominated by Alipay, the service created by Alibaba, with whom Apple is said to have been discussing regarding a potential partnership. Apple hopes to launch Apple Pay by China’s Spring Festival Holiday on February 8th.
Recently, Apple Pay has expanded to the U.K., Canada, and Australia following its initial launch in the United States.