Another Chinese bank has stated that Apple Pay will arrive in China on Thursday, February 18. The announcement from Industrial and Commercial Bank of China (ICBC) follows earlier reports of the February 18 launch date from China Guangfa Bank and China Construction Bank Corp.
Apple Inc's Apple Pay mobile payment system will be available in China from Feb. 18 for Industrial and Commercial Bank of China Ltd customers, bank representatives said in social media posts on Tuesday. The technology giant had previously said the system would launch in China in early 2016, making it Apple Pay's fifth country as it accelerates development of a planned new revenue stream. ICBC is China's biggest lender by assets.
Apple Pay will arrive in China thanks to a partnership between Apple and UnionPay, China's domestic bank card provider. The system has previously expanded into the UK, Canada, and Australia, following its launch in the U.S. in October 2014.