Tim Cook Hopes to Bring Apple Pay to China

cook-apple-pay-china

Apple CEO Tim Cook says bringing the recently launched Apple Pay system to China is his top priority for doing business the country.

Apple Pay launched on Monday in the U.S. and allows iPhone 6 users to make “tap-and-go” payments at compatible terminals in retailers. It hasn’t expanded outside the U.S. yet, but international expansion is on the cards. The NFC (near-field communication) technology it uses is already standard in some countries.

Cook made his remarks about China in an interview with the country’s Xinhua News Agency on Friday at the conclusion of a four-day trip to the country. During his visit, he met business partners, toured a Foxconn factory that makes Apple products, and met with a government official regarding “strengthening” cooperation in the telecommunication sector.

Xinhua said that Cook wants to understand the Chinese payment system before asking banks and retailers to sign on to the service, but he placed a high priority on launching the service locally.

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SOURCE: PC World
Martyn Williams

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