Apple Pay was officially introduced to China. There are many famous e-commerce website signed contracts with Apple Pay to develop business, including traveling industry, catering industry and entertainment industry. They announced to support Apple Pay from Feb 18.

China becomes the first country in Asia and the fifth one around the world to support Apple Pay business.Only US, UK, Australia and Canada support Apple Pay business before Feb. 18, 2016.

Apple Pay business is developing well. In comparison with Google Wallet, it received fewer positive feedback from the public even though it shares similar features with Apple Pay.

According to the statistics, Google made high-profile announcement for Google Wallet in May, 2011. It indeed attracted some attention.

Google Wallet also applies the NFC technology. It failed as it was lack of dominant right to Industry Chain. The industry chain involves in Google, telecom operators, mobile manufacturers, credit card companies, banks and chain merchants.

The operators made difficult negotiations in the past few years. Google Wallet did not get much improvement for getting more operators.

Only Sprint supports Google Wallet, while Verizon, AT&T, T-Mobile teamed up to launch Isis payment platform. Walmart and Target are also working on the launch of similar apps.

Back to Apple Pay, it did not attract as many consumers as it predicted to use Apple Pay in US. Kantar investigated that over 75% of iPhone 6 &6 Plus consumers don’t use Apple Pay by April,2015. Other survey indicated that only 42% of consumers use Apple Pay at App Stores.

According to the survey made by First Annapolis, only 20 % of 580 interviewees use at least once Apple Pay each month.

Apple Pay teamed up with 19 Chinese banks to promote this business here. Let’s see how far it goes.