Apple Pay is “struggling” in China due in part to a minority smartphone market share and consumers being “far more accustomed” to competing services such as Alipay and Tencent’s WeChat Pay. “I don’t think Apple Pay can achieve the same market share as Alipay or WeChat Pay in the foreseeable future,” Morningstar Investment Service analyst Marie Sun told Bloomberg. “Personally, I don’t see any benefits to switching myself.” Apple Pay launched in China in February 2016.
- Atos offers to acquire Gemalto for €4.3bn
- Men’s Health gives positive review to Gymkit with NFC
- First US gym adds support for Apple Watch NFC pairing with exercise machines
- Australian banks ordered to cut contactless transaction fees
- GfK: Promoting the security of mobile payments could be the key to wider adoption