Business Intelligence on Retailing, Franchising, and Consumerism in China

Apple Introduces Payment Service In China

Chinese online shoppers now have an alternative means to pay for goods online.

Apple Pay begins services in China today. The service links China UnionPay, Lian Lian, PayEase, and YeePay to the Apple service and enables Internet shoppers to make payments via the Apple Pay service.

Unsurprisingly, Alibaba's Alipay, which ranks as the top online payment provider in China, is not partnering with Apple. Neither company has issued statements about how or why they ignored each other.

Financial details related to Apple's partnership with China UnionPay, Lian Lian, PayEase, and YeePay were not released.

Image Credit: Bloomua

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