Tim Cook says Apple working on bringing Apple Pay to China

Tim Cook at Foxconn
Tim Cook at Foxconn (Image credit: Apple)

Tim Cook reiterated the importance of the Chinese market on the last day of his trip to China, saying that Apple wants everything they do to work in the country. This includes Apple Pay. While Apple is in the process of figuring out how the payment system will work in China, Cook said that they need to understand completely what needs to happen to actually get the payment system to work in the country, according to Xinhuanet:

He said he wants to understand the necessary steps to bring Apple Pay to China before he summoning local networks, banks, and merchants to work together to make this happen.

Cook also spoke about the Apple Watch, saying that he believes that customers will wonder how they ever lived without it. When asked about Wednesday's meeting with Vice Premiere Ma Kai regarding security, Cook said that he found their dialogue "very open".

This week's trip included the meeting with Vice Premiere Kai, along with a quick stop at a Foxconn factory in Zhengzhou.

Do you think that Apple Pay will come to China any time soon? Leave your thoughts with us in the comments.

Source: Xinhuanet

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.

  • If they get it before Canada, I'm going to be pissed. Sent from the iMore App
  • I wish we could get a release date for Canada. Sent from the iMore App
  • I wish I could get my iPhone 6 Plus (36 days since I ordered, and another 2-3 weeks longer to wait). AT&T = FAIL
  • I fail to see how this is an AT&T problem. They don't make the phones they are also hampered by the supply constraints of the iPhone 6 Plus. If you want to get mad get mad at yourself for not doing it at an Apple Store where the turnaround is closer to 10-14 days.
  • I just went to Apples site reserved iphone 6+ then collected the same day. Easy as that. If they are not in stock try later that day as site is updated several times a day. Sent from the iMore App
  • Apple Pay is a rushed half done feature to compete with Google Wallet. Posted via the iMore App for Android
  • Give it some time and IMHO it will pass Google Wallet, actually there is not much to pass.... Posted via the iMore App for Android
  • Google Wallet has been on the market for almost three years with virtually no impact. It is still only usable in the US and beyond that, most people that CAN use it have no idea how to use it. Google Wallet was a flop for all intents and purposes.
  • Google wallet was not a flop. I have friends with the iPhone 6 and 6+ and they got the update and don't even know what Apple Pay is. Heck I also got friends saying that they don't want to use Apple Pay because of all the hacks Apple have been going through. Posted via the iMore App for Android
  • Ironically, Apple Pay itself is one of the safest ways to make a payment on the market. The credit card number is replaced with a token (or fake number) on the phone. Apple wont keep the actual numbers on its servers or keep track transactions (unlike google wallet). Further, the token can only be used on the phone; so if hacked or stolen, it's useless elsewhere (plus, credit companies will instantly know that the token has been stolen if that happens, since they maintain and manage the token system). Finally, you have to use the biometric fingerpring reader in order to make a payment, and the token is encrypted on the phone's "secur element" (a chip that is really, really hard to hack, if not impossible). Three layers of security that combine to become a hackers nightmare, so to speak.
  • I think this is going to be a long road. AliPay is king here. I'm glad it's on the agenda though, and I really hope Apple is prepared to go the distance. Sent from the iMore App
  • Apple Pay will launch really soon - before launch in western Europe - first half of 2015. Apple Pay will indeed launch in China - with China UnionPay