Apple pay November 25

AAPL: 118.03

Stock Chart

Following Monday’s report that Apple is planning to launch Apple Pay in China in February of next year, Bloomberg reports that it has reached a preliminary agreement with UnionPay to use its card-processing terminals. The agreement was an essential step along the way as UnionPay has a monopoly on card-processing in China.

The agreement is provisional, as it still requires the individual banks to agree. They have reportedly been reluctant to agree to the 0.15% cut Apple takes of each transaction. Given the transaction volumes involved, that soon adds up to a significant chunk of the tiny percentage banks charge retailers.

That isn’t the only hurdle Apple needs to overcome …  expand full story

Apple pay November 23

AAPL: 117.75

Stock Chart

Back in September, Apple created a company in the Shanghai free-trade zone, hinting at its plans to launch its mobile payment solution Apple Pay in the country. Now, Dow Jones & WSJ report that Apple plans to launch Apple Pay in China by February. Apple has reportedly secured agreements with the four largest banks in China to support the platform.

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Earlier this year around WWDC, Square announced that it would be selling new hardware that will allow small businesses to easily accept Apple Pay later this year. Now Square is setting up 100 small businesses around the US with their new Apple Pay-ready contactless card reader. These allow customers to pay merchants using Apple’s mobile payment service through iPhones and Apple Watches securely and without sharing credit card information. expand full story


Apple seems to be working hard with its card company partners to promote Apple Pay in the UK. Alongside a MasterCard promo offering free travel in London, Visa Europe is today launching a two-month long ad campaign designed to emphasize the speed, ease and reliability of the service.

Featuring a central theme of anticipation, the campaign uses imagery that captures the pause before a primary action – the weightlifter before pressing the lift, the pianist before striking a chord, the chameleon before making a strike – the scenes then snap into the dramatic conclusions as an analogy to how fast, easy and reliable using a Visa card in Apple Pay is in everyday situations such as paying to use the Tube or in a café … 

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Apple pay November 20

AAPL: 119.30

Stock Chart

Apple today has shared a new Guided Tour video to its YouTube channel that highlights Apple Pay on the iPhone. Apple has previously shared a Guided Tour showing off Apple on the Apple Watch, but this is the first video in which Apple has demonstrated the feature on its smartphone.

In the video, Apple highlights the ease of use that Apple Pay provides. The company demonstrates how you can use it at compatible checkout terminals in retail locations, as well as use it in apps for buying goods and apps like Uber for buying services.

Apple closes the video by demonstrating how easy it is to setup Apple Pay, including adding the card, verifying the card, and finally actually using it in stores.

You can view Apple’s new Guided Tour video for Apple Pay on iPhone below. Apple has previously shared a plethora of Guided Tour videos for Apple Watch. The company likes to use the format to showcase features that take some explanation to truly understand.



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