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Apple Pay to launch in China by February - report

2015-11-24 09:22:00| Telecompaper Headlines

(Telecompaper) Apple is set to launch its Apple Pay electronic-payments service in China in February next year, according to unnamed sources cited by The Wall Street Journal. The tech giant has recently signed deals with China's big four state-run banks that will allow Apple Pay users to link their local bank accounts to the service, said the sources. However, the report cautions that Apple could still face regulatory hurdles in China, where banking and e-commerce are controlled by a number of government agencies. Apple Pay was launched last year in the US and other countries, with the company reportedly retaining 0.15 percent of all credit card transactions and 0.5 cents per debit transaction in the US. The amount Apple would make off such transactions in China has been a sticking point in negotiations, said the sources, adding that the US company hopes to launch the service before China's Spring Festival holiday on 08 February. 

Tags: february report china pay

 

Axalta Starts Construction on Asia Pacific Technology Center in China

2015-11-24 06:00:00| Coatings World Breaking News

Tags: center technology china construction

 
 

Weekly Overview: Resistance to 'Last-Resort' Antibiotic Found in China

2015-11-24 01:00:00| ThePigSite - Industry News

ANALYSIS - Concluding our coverage of World Antibiotic Awareness Week (16-23 November), scientists in China reported that they have found increased levels of resistance to an antimicrobial drug used when other drugs have failed.

Tags: found china overview weekly

 

US Looks to Increase Agricultural Exports to China

2015-11-24 01:00:00| ThePigSite - Industry News

US - As the US agriculture secretary Tom Vilsack heads to China for trade talks, the US Department of Agriculture announced considerable growth in US exports to China over the past decade.

Tags: to china increase agricultural

 

Apple Pay heading to China in February

2015-11-24 01:00:00| Total Telecom industry news

iPhone maker reportedly establishes partnerships with country's big four banks.

Tags: february china pay apple

 

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