Last Thursday, Apple Pay landed in China, one of the main markets currently for boys based in Cupertino, becoming the fifth country where this new form of payments is available, after the United States, United Kingdom, Canada and Australia. The next countries where this new form of payments will land will be Spain, Singapore and Hong Kong, where it should land in the coming months thanks to American Express. The next one, according to all the rumors, will be our neighboring country France, which will arrive before the end of the year.
Apple has had many problems when trying to reach an agreement with the Asian giant and has had to give more than it wanted. Currently Apple obtains 0,15% of each transaction carried out by merchants in the United States. Those from Cupertino came to China, trying to obtain the same benefit, but they came face to face with the country's banks, which, aware of Apple's interest, have tried to reduce this percentage as much as possible, remaining only at 0,07%, at least half of his claims.
The 19 banks with which Apple has reached an agreement to start operating, will maintain this agreement for life. Instead, the banks that jump on the bandwagon later, will have to reach an agreement individually with the guys from Cupertino, which will surely They will apply the commission that applies in the United States.
As soon as this service was put into operation, many were the citizens of the country who tried to register their credit cards in the application, which caused servers to crash for several hours. During all that time, users could not register any card to associate it with Apple Pay and be able to carry out their first transactions with the iPhone or Apple Watch.