A: The biggest international mobile payment providers today are Apple Pay, Google Pay and Samsung Pay. But China has its own players, the biggest of which are Alibaba-owned Alipay and Tencent-owned WeChat Pay.
Just 12% of respondents ages 55 and older said they used Apple Pay or Starbucks’ payment app, vs. 42% in the 18 to 34 age group. The Bizrate survey also revealed that boomers aren’t interested in retail shopping technology, like visual search or augmented and virtual reality. “Boomers aren’t at a life stage where learning new things is a big priority.
She had tapped into the bus with her iPhone using Apple Pay, but since boarding, her phone had run out of battery and she was unable to prove that she had paid. The inspector took her details, and, to cut a long story short, by May 2019 she was facing a heavy fine and a criminal conviction.
Apple Pay—which entered China in early 2016 by partnering with bankcard association UnionPay—ranked fifth at 9%. PayPal—a global online payment company—became the first foreign company to obtain a payments license in China after acquiring 70% of Chinese payment group Guofubao (NationPay) at the end of September (after two years of trying).