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Apple Pay to go live in China tomorrow

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Apple Pay to go live in China tomorrow

Beijing - The technology giant had previously said the system would launch in China in early 2016, making it Apple Pay's fifth country as it accelerates development of a planned new revenue stream. ICBC is China's biggest lender by assets.

By Reuters

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Published: Wed 17 Feb 2016, 4:55 PM

Last updated: Tue 17 May 2016, 9:05 AM

Apple's Apple Pay mobile payment system will be available in China from February 18 for Industrial and Commercial Bank of China Ltd (ICBC) customers, bank representatives said in social media posts on Tuesday.
The technology giant had previously said the system would launch in China in early 2016, making it Apple Pay's fifth country as it accelerates development of a planned new revenue stream. ICBC is China's biggest lender by assets.
An Apple spokeswoman declined to comment on ICBC's posts on the projected launch. The lender is set to be joined by a raft of peers: Apple's China website lists 19 Chinese lenders as official Apple Pay partners, and state media reported two other lenders will also go live with the service from February 18. 
 


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