JeffAshe
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ICBC & local reports back Feb. 18 launch for Apple Pay in China
Chinese mobile payment ecosystem is revolutionary, but you have to look past the superficial concept of being able to pay with out touching to see how it's more secure, ubiquitous, convenient, innovative, personal, anthropomorphic, socially responsible, progressive, equitable, responsive, friendly, environmentally friendly, not to mention light years ahead of anything in North America and Europe and will be the model the entire world will adopt in time.Soli said:
Apple Pay is revolutionary, but you have to look past the superficial concept of being able to pay with out touching to see how it's more secure, and will be the method the entire will adopt in time.JeffAshe said:I wouldn't call ApplePay revolutionary. It certainly may appear that way in North America, but China is the leader in mobile payments. ApplePay has a long road ahead to catch up with China's existing mobile payment networks and solutions in terms of reach, features, convenience, and ease of use. I travel to China every quarter for work, and using the WeChat app has been a revelation. I haven't had to use cash or credit card for the past three and a half years. Taxis, train fares, subway fares, plane tickets, shopping, food delivery, movie tickets, restaurant bills, and everything and anything you can think of can be paid for electronically and instantly. I'd be happy if ApplePay can achieve 3% to 5% of the Chinese mobile payment market.
