Reports say that the Apple Inc is in talk with Alibaba Group Holiding Ltd and alos with the Chinese banks for launching the payment system even in China. This news was carried by the Apple Inc’s Chief Executive Tim Cook to the official Xinhua news agency as of an interview published on Tuesday.
Apple Pay, which allows consumers using Apple devices to buy goods by holding the device up to readers installed by store merchants, was launched in the United States last September and quickly began to handle more transactions than all other "contact less" payment methods combined, Apple said.
Analysts expect China to take over the Americas to become Apple's biggest market. In the first three months of the year, for the first time, Apple sold more iPhones in China than in the United States.
The firm hopes to keep adding stores in China, where it aims to have 40 by next year, from 22 currently, Cook told Xinhua. Cook's China visit was to focus on Apple Pay's entry as well as environmental initiatives to protect forests, he added.
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