Apple Now Accepts Alipay in its Retail Stores in China – A Big Blow to Apple Pay?
For the first time ever, Apple is accepting a third-party mobile wallet service for making purchases in its retail stores - Alipay.
Apple Pay Struggles in China with Alipay Making its Debut in Apple Retail Stores
It's no secret at this point that third-party mobile payment solutions such as Alipay and WeChat are extremely popular among the masses in China. Though Apple has been hard at work to push its own payment solution in the region, but it seems the company has to cut corners and make even more room for their hosts by introducing Alipay as an accepted payment solution in its retail stores. The official announcement of this move was made by Alibaba itself.
The deal, according to Reuters, was made to ensure that Apple turns into a growing company once again.
Apple Inc will accept Chinese mobile payment app Alipay in its local stores, boosting its ties with giant e-commerce firm Alibaba Group Holding Ltd amid a push by the iPhone maker to revive growth in the world’s No.2 economy.
The report also says:
The Cupertino-based firm will accept Alipay payment across its 41 brick-and-mortar retail stores in China, said Ant Financial, which was valued at $60 billion in 2016.
Now, the interesting thing here is that Apple has been complying with a lot of requests from China in order to sustain in the market. Few of those requests include the removal of VPN apps from the App Store even Skype and the New York Times apps.
That's not all, Apple even had to comply with the government to turn off cellular connectivity in its Apple Watch Series 3 smartwatches due to security concerns. On the flip side, the story for Apple is actually quite rosy as China is one of the biggest markets in the region where Apple had to struggle to set its foot in.
If you are in China, then this definitely comes as great news for you. Hop over to your local Apple Store and try making purchases using Alipay.