02-06-2016 08:49 via indianexpress.com

Apple Pay struggles to put a dent in China

Apple Pay has made only a small dent in the global payments market.
More than 18 months after Apple Pay took the United States by storm, the smartphone giant has made only a small dent in the global payments market, snagged by technical challenges, low consumer take-up and resistance from banks.
The service is available in six countries and among a limited range of banks, though in recent weeks Apple has added four banks to its sole Singapore partner American Express ; Australia and New Zealand
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