国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Technology

Apple Pay expected in China this week

By GAO YUAN (China Daily) Updated: 2016-02-17 03:38

Apple Pay expected in China this week

Eddy Cue, Apple's senior vice president of Internet Software and Service, introduces Apple Pay during an Apple event at the Flint Center in Cupertino, California, September 9, 2014.[Photo/Agencies]

Stocks of mobile payment related companies soared on Tuesday over speculation that Apple Inc will introduce its cash-free smartphone payment service to China this week.

Apple Pay, a new way of making purchases in retail stores that was developed by the United States smartphone maker, will boost the mobile payment business as local players like Xiaomi Corp and Alibaba Group Holding also roll out similar services.

The supposed launch date was leaked by the social media account of Guangzhou-based China Guangfa Bank on Tuesday. The bank said in a post on instant messaging app WeChat that Apple Pay will be available in the country by 5 am on Thursday.

The bank deleted the message hours later, without giving a reason.

Apple said in December that it will launch the wireless payment business in China — its biggest overseas market — partnering with the nation’s No 1 bank card association, China UnionPay.

China UnionPay told China Daily it will announce the launch time with Apple later; Apple did not respond to an e-mail seeking comment.

Fueled by the looming Apple Pay entry, shares of 30 Chinese companies that provide mobile payment technologies surged by an average of 6.69 percent on Tuesday, according to data from market tracker RoyalFlush Information.

Eastcompeace Technology Co, a Guangdong-based maker of mobile payment terminals, and Nantian Electronic Information, a payment platform developer, led the advance. Both companies hit the 10 percent increase ceiling early in the trading day.

Dating Telecom Technology Co, a mobile communications hardware maker, closed at 16.84 yuan ($2.56), a 6.11 percent jump from the day before.

Li Chao, a Beijing-based analyst from iResearch Consulting Group, said Apple Pay will help open up the Chinese smartphone payment market, where e-commerce giant Alibaba now controls the lion’s share.

It will be difficult for Apple Pay to challenge Alibaba’s payment services in the short run, but the availability of Apple Pay will certainly attract more people paying at the counters with smartphones instead of reaching for their wallet,” Li said.

Taking advantage of a chipset installed on the iPhone 6 and the later generation of the handsets, Apple Pay uses a technology called near-field communication to allow contactless data exchange between the smartphone and point of sale terminals. The transaction will be completed when users hold their devices near a POS portal.

Transaction volume on mobile payment platforms reached 2.4 trillion yuan by the third quarter of last year, a 64.3 percent increase year-on-year, said Beijing-based iResearch.

Wu Yiyao in Shanghai contributed to this story.

gaoyuan@chinadaily.com.cn

Hot Topics

Editor's Picks
...
襄垣县| 丹江口市| 章丘市| 云和县| 大港区| 武冈市| 尚义县| 永福县| 固安县| 龙州县| 河北省| 桐城市| 凯里市| 任丘市| 荆门市| 达日县| 普陀区| 正阳县| 青铜峡市| 甘南县| 韶关市| 武功县| 扎赉特旗| 若尔盖县| 张家口市| 泰顺县| 仁寿县| 福海县| 伊金霍洛旗| 石门县| 余庆县| 高陵县| 中超| 浮山县| 新巴尔虎右旗| 崇阳县| 台前县| 江陵县| 庆云县| 栾川县| 明溪县|