[QUOTE]China and the U.S., meanwhile, lack large-scale contactless payment deployments. Semiautonomous Hong Kong has had the popular Octopus system %u2014 one of the first successful and widespread uses of NFC for commerce in the world %u2014 since the late 1990s, but similar systems have failed to gain wide adoption on the mainland.[/QUOTE]
In fact, NFC stored value cards are quite common in Chinese cities but are regional not national since they are generally tied to Mass Transit systems (I have 5 different cards). Furthermore, use of QR Code ordering and payment tied to internet portals such as QQ are gaining popularity.
The advantage Apple Pay will have is the tie-in with Union Pay, which is the dominant banking system settlement platform, and so will give access to savings account debit payment not just credit cards, and this is very important because, while most Chinese adults have debit card accounts, relatively fewer use credit cards because we don't like the interest and service charges. In other words, Apple Pay can function as a secure, instant debit card.
[QUOTE]Apple's own NFC-based payment system, Apple Pay, is expected to roll out in the U.S. as soon as this week. Europeans are likely to gain access next year, with payment consortium Visa driving adoption, while China is likely to follow after details of an agreement between Apple and China's UnionPay were revealed in September.[/QUOTE]
Europeans mainly use Master Card & Euro Card not Visa, I don't think Visa will drive adoption for Apple Pay in Europe. And furthermore, because of NSA spying there is a lot of mistrust of American IT companies in Europe now, particularly Germany, so this will also factor. Some Europeans I know would defiantly prefer European based services when they can get them, if Apple wants to make Apple Pay a success in Europe, Eddy Cue needs to cut a deal with Master Card and some large European banks, otherwise I doubt they will get much traction.
But for Hong Kong and China, Apple Pay is a slam dunk. We love new technology and we love Apple.
I doubt Sweden makes the per capita cashless transactions Hong Kong does. Granted, Hong Kong is not a country, but as a culture is pretty much at the top as a cashless society and has the highest adoption rate in the world on the Octopus NFC payment card ... there are more Octopus cards than citizens because so many people own multiple cards and most frequent visitors do to since they are accepted everywhere.
"Europe" is the wrong term to use in a case such as this. Europe is vastly diverse. Established payment systems aside, Germany is notoriously privacy-sensitive, as opposed to the UK and especially the Netherlands. Adoption of Apple Pay (and other novel payment systems) in Yerp will be an interesting phenomenon.
I stay in Singapore, and we love smartphones here. No one uses dumb phones anymore. Apple Pay would take off overnight here. Btw, is it true that Apple Pay would give Apple 100% margins?
Not to hijack the thread, but I beg to differ on a couple of points. A Kiwi was the first to fly a powered craft, quite some time before the Wright Brothers and he flew 320 metres in a straight line. In Timaru (near where he lived) the airport is named after him.
Richard Pearse. - for the sake of impartiality, I have linked an Australian website...
Also, the father of nuclear physics, Ernest Rutherford was a Kiwi who won a Nobel Prize for his work in 1908.
"He is widely credited with first "splitting the atom" in 1917 in a nuclear reactionbetween nitrogen and alpha particles, in which he also discovered (and named) the proton" - this is from Wikipedia, only as I can't be bothered finding another link.
As for other points, yeah they were pretty good achievements, ay.
<div class="quote-block">Originally Posted by <strong>Apricot88</strong> <a href="/t/182794/europeans-wary-of-smartwatch-e-wallets-americans-chinese-more-open-ahead-of-apple-watch-launch/80#post_2619722"><img alt="View Post" src="/img/forum/go_quote.gif" /></a><br />
<br />
Btw, is it true that Apple Pay would give Apple 100% margins?</div>
</div>
<p>Given that ApplePay is a completely absorbable and tiny overhead to Apple per iPhone, with even tinier variable cost per transaction, and could be used many, many, many time per iPhone/iPad, then even at a low rate of 0.5% (or whatever) then over time... it could be a huge margin, if it takes off. 100% would be pushing it, given how much iPhones cost and Apple's other operating expenses. But if it takes off...</p>
Something occurred to me as I paid with a credit card at the gas pump yesterday... That action won't be possible with Apple Pay. Especially since there is the lingering element of risk of a spark and gas explosion caused by a cell phone at the pump (true or not, there may be an insurance risk to a gas station that would prevent them from offering Apple Pay at the pump).
Snopes says there has never been a documented case of a cell phone causing a static charge gas explosion, however cell phone makers are not willing to risk it: http://www.snopes.com/autos/hazards/gasvapor.asp
That could be the last big holdout in the transition to a credit card-free experience...and I hate going into the gas station to see a person at the register. Hate it.
Something occurred to me as I paid with a credit card at the gas pump yesterday... That action won't be possible with Apple Pay. Especially since there is the lingering element of risk of a spark and gas explosion caused by a cell phone at the pump (true or not, there may be an insurance risk to a gas station that would prevent them from offering Apple Pay at the pump).
Snopes says there has never been a documented case of a cell phone causing a static charge gas explosion, however cell phone makers are not willing to risk it: http://www.snopes.com/autos/hazards/gasvapor.asp
That could be the last big holdout in the transition to a credit card-free experience...and I hate going into the gas station to see a person at the register. Hate it.
Tap to pay at pumps (a form of NFC) has been around for a while. I'm not sure Apple Pay would be any different.
OTOH actual cell phone use while pumping fuel is a distraction hazard for sure: any malfunction of the cutoff system and you're standing in a growing pool of flammable gasoline.... but tapping an NFC Apple Pay at the transaction step doesn't appear to be any more distracting than swiping a card through the gate or tapping the pay fob for the company's own NFC system.
Tap to pay at pumps (a form of NFC) has been around for a while. I'm not sure Apple Pay would be any different.
OTOH actual cell phone use while pumping fuel is a distraction hazard for sure: any malfunction of the cutoff system and you're standing in a growing pool of flammable gasoline.... but tapping an NFC Apple Pay at the transaction step doesn't appear to be any more distracting than swiping a card through the gate.
What can I tell you, the large metropolitan American city where I live has no NFC pay at the pump option. Also, there are often warnings against using your cell phone while filling up and/or warnings against static discharges which could cause a spark and explosion.
What can I tell you, the large metropolitan American city where I live has no NFC pay at the pump option. Also, there are often warnings against using your cell phone while filling up and/or warnings against static discharges which could cause a spark and explosion.
Well as I said warnings against use make sense in any case and I'm unclear whether admonitions to turn cell phones off are intended to halt use or whether they really are intended to mean turning the power off (as compared to simply darkening the screen) to totally deactivate the phone: because without turning the power off the thing is still transmitting. Also as to operating a phone near gasoline pumps both Texas and Pennsylvania, states with moderately large metropolitan American cities, have established weights and measures awareness systems where QR codes are affixed to the pumps to be scanned by smartphones to get up to date information on the pumps weights and measures compliance.
The fob system and tap to pay is a company whose name I've lost. Never was interested as it stuck me as similar to a company credit card, something I don't see a need for. Maybe Exxon? Don't think Shell....
Static discharge is far from specific to phones so that's a red herring. Largely a warning on anyone filling containers such as boat outboard motor tanks or containers for lawnmowers.
Comments
In fact, NFC stored value cards are quite common in Chinese cities but are regional not national since they are generally tied to Mass Transit systems (I have 5 different cards). Furthermore, use of QR Code ordering and payment tied to internet portals such as QQ are gaining popularity.
The advantage Apple Pay will have is the tie-in with Union Pay, which is the dominant banking system settlement platform, and so will give access to savings account debit payment not just credit cards, and this is very important because, while most Chinese adults have debit card accounts, relatively fewer use credit cards because we don't like the interest and service charges. In other words, Apple Pay can function as a secure, instant debit card.
[QUOTE]Apple's own NFC-based payment system, Apple Pay, is expected to roll out in the U.S. as soon as this week. Europeans are likely to gain access next year, with payment consortium Visa driving adoption, while China is likely to follow after details of an agreement between Apple and China's UnionPay were revealed in September.[/QUOTE]
Europeans mainly use Master Card & Euro Card not Visa, I don't think Visa will drive adoption for Apple Pay in Europe. And furthermore, because of NSA spying there is a lot of mistrust of American IT companies in Europe now, particularly Germany, so this will also factor. Some Europeans I know would defiantly prefer European based services when they can get them, if Apple wants to make Apple Pay a success in Europe, Eddy Cue needs to cut a deal with Master Card and some large European banks, otherwise I doubt they will get much traction.
But for Hong Kong and China, Apple Pay is a slam dunk. We love new technology and we love Apple.
I doubt Sweden makes the per capita cashless transactions Hong Kong does. Granted, Hong Kong is not a country, but as a culture is pretty much at the top as a cashless society and has the highest adoption rate in the world on the Octopus NFC payment card ... there are more Octopus cards than citizens because so many people own multiple cards and most frequent visitors do to since they are accepted everywhere.
"Europe" is the wrong term to use in a case such as this. Europe is vastly diverse. Established payment systems aside, Germany is notoriously privacy-sensitive, as opposed to the UK and especially the Netherlands. Adoption of Apple Pay (and other novel payment systems) in Yerp will be an interesting phenomenon.
Good one! LOL
Btw, is it true that Apple Pay would give Apple 100% margins?
Says the guy from the country that:
Invented flight
Went to the moon
Built the first atomic bomb
Created the first silicon microprocessor
Created the iPhone
Not to hijack the thread, but I beg to differ on a couple of points. A Kiwi was the first to fly a powered craft, quite some time before the Wright Brothers and he flew 320 metres in a straight line. In Timaru (near where he lived) the airport is named after him.
Richard Pearse. - for the sake of impartiality, I have linked an Australian website...
Also, the father of nuclear physics, Ernest Rutherford was a Kiwi who won a Nobel Prize for his work in 1908.
"He is widely credited with first "splitting the atom" in 1917 in a nuclear reaction between nitrogen and alpha particles, in which he also discovered (and named) the proton" - this is from Wikipedia, only as I can't be bothered finding another link.
As for other points, yeah they were pretty good achievements, ay.
Btw, is it true that Apple Pay would give Apple 100% margins?
Nope.
<div class="quote-block">Originally Posted by <strong>Apricot88</strong> <a href="/t/182794/europeans-wary-of-smartwatch-e-wallets-americans-chinese-more-open-ahead-of-apple-watch-launch/80#post_2619722"><img alt="View Post" src="/img/forum/go_quote.gif" /></a><br />
<br />
Btw, is it true that Apple Pay would give Apple 100% margins?</div>
</div>
<p>Given that ApplePay is a completely absorbable and tiny overhead to Apple per iPhone, with even tinier variable cost per transaction, and could be used many, many, many time per iPhone/iPad, then even at a low rate of 0.5% (or whatever) then over time... it could be a huge margin, if it takes off. 100% would be pushing it, given how much iPhones cost and Apple's other operating expenses. But if it takes off...</p>
Don't get me wrong, I LOVE Apple & all that they do…!!!
BUT…!
Sometimes, sometimes I have a scary thought…
What if Steve Jobs was The False Prophet…?
What if Tim Cook IS The Anti-Christ…?
What if the Apple Watch IS The Mark Of The Beast…!?!
WHAT IF…?!?!?
;^p
Snopes says there has never been a documented case of a cell phone causing a static charge gas explosion, however cell phone makers are not willing to risk it: http://www.snopes.com/autos/hazards/gasvapor.asp
That could be the last big holdout in the transition to a credit card-free experience...and I hate going into the gas station to see a person at the register. Hate it.
Something occurred to me as I paid with a credit card at the gas pump yesterday... That action won't be possible with Apple Pay. Especially since there is the lingering element of risk of a spark and gas explosion caused by a cell phone at the pump (true or not, there may be an insurance risk to a gas station that would prevent them from offering Apple Pay at the pump).
Snopes says there has never been a documented case of a cell phone causing a static charge gas explosion, however cell phone makers are not willing to risk it: http://www.snopes.com/autos/hazards/gasvapor.asp
That could be the last big holdout in the transition to a credit card-free experience...and I hate going into the gas station to see a person at the register. Hate it.
Tap to pay at pumps (a form of NFC) has been around for a while. I'm not sure Apple Pay would be any different.
OTOH actual cell phone use while pumping fuel is a distraction hazard for sure: any malfunction of the cutoff system and you're standing in a growing pool of flammable gasoline.... but tapping an NFC Apple Pay at the transaction step doesn't appear to be any more distracting than swiping a card through the gate or tapping the pay fob for the company's own NFC system.
Tap to pay at pumps (a form of NFC) has been around for a while. I'm not sure Apple Pay would be any different.
OTOH actual cell phone use while pumping fuel is a distraction hazard for sure: any malfunction of the cutoff system and you're standing in a growing pool of flammable gasoline.... but tapping an NFC Apple Pay at the transaction step doesn't appear to be any more distracting than swiping a card through the gate.
What can I tell you, the large metropolitan American city where I live has no NFC pay at the pump option. Also, there are often warnings against using your cell phone while filling up and/or warnings against static discharges which could cause a spark and explosion.
What can I tell you, the large metropolitan American city where I live has no NFC pay at the pump option. Also, there are often warnings against using your cell phone while filling up and/or warnings against static discharges which could cause a spark and explosion.
Well as I said warnings against use make sense in any case and I'm unclear whether admonitions to turn cell phones off are intended to halt use or whether they really are intended to mean turning the power off (as compared to simply darkening the screen) to totally deactivate the phone: because without turning the power off the thing is still transmitting. Also as to operating a phone near gasoline pumps both Texas and Pennsylvania, states with moderately large metropolitan American cities, have established weights and measures awareness systems where QR codes are affixed to the pumps to be scanned by smartphones to get up to date information on the pumps weights and measures compliance.
The fob system and tap to pay is a company whose name I've lost. Never was interested as it stuck me as similar to a company credit card, something I don't see a need for. Maybe Exxon? Don't think Shell....
Static discharge is far from specific to phones so that's a red herring. Largely a warning on anyone filling containers such as boat outboard motor tanks or containers for lawnmowers.