Apple reportedly preparing for Apple Pay rollout in China

Apple Pay
Apple Pay (Image credit: iMore)

Apple is reportedly getting ready to bring Apple Pay to China. The company is said to have registered a company within the Shanghai free-trade zone called Apple Technology Service (Shanghai) Ltd. The purpose of the company would apparently be to operate the Apple Pay business in China.

From The Wall Street Journal:

Officials from the pilot free-trade zone said on Wednesday that an Apple entity was registered in the zone to operate the Apple Pay business, Shanghai's government-backed newspaper Wenhui News reported.

Apple has apparently seeded $13.4 million of capital with this company. The chairman and legal representative of the company is Gary Joseph Wipfler, who currently serves as Apple's vice president and corporate treasurer.

Apple has been looking to bring its payment system to China since it launched towards the end of 2014. It was reported earlier this year that Apple was meeting resistance in bringing Apple Pay to China, though CEO Tim Cook later said he was "bullish" on the prospect.

Source: The Wall Street Journal

Joseph Keller

Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.

  • No! Canada! C-A-N-A-D-A! I'm glad I got that off my chest.
  • I heard November but I could be wrong, or has anyone at iMore heard something we haven't Sent from the iMore App
  • I think that was just a rumour, but who really knows!?
  • Could be. Maybe they'll announce it at the November Mac event. Although at this point we should have heard more rumors. Just like we do with China. Sent from the iMore App
  • For sure eh! Sent from the iMore App
  • I'm in Canada when it came out in the states I was so excited for Canada. Now I've just gotten to the point where I don't expect anything from Apple pay. Sent from the iMore App