Comments on Danny Jung’s blog: Apple Pay
It is true that Apple has a chance to be successful in the field of mobile phone transaction, for 330 million of Apple users all around the world have already become the potential users of Apple Pay. Also, the convenience can be another advantage of using Apple Pay because with the Touch ID of Iphone5s or the NFC chip of Iphone6, users do not need to register for another account like what Paypal askes them to do. In addition, as mentioned in his blog that many big companies are starting to sign deals to accept the form of mobile payment, Apple also reached out for the cooperation with banks such as Visa and Master cards, making Apple Pay more competitive.
However, I hold a negative point of view that Apple Pay is going to survive the market of China. The market shares have already been divided by the two biggest mobile payment systems — Alipay(Zhifubao) and Wechat payment. Comparing to the two local payment systems, Apple Pay has no competitive advantages at all, for the services are the same and Chinese people are used to paying bills with Alipay or Wechat. There still is a long way to go for Apple’s expantion in China.