This week you’ll find Apple-lovers and shopaholics alike jumping for joy. It’s official – Apple Pay, Apple’s mobile payment service, is planning to launch in China. According to reports by the Wall Street Journal, Apple has already made deals with four major Chinese banks. China is set to join the super-exclusive club of countries with Apple Pay services, including the US, UK, Australia and Canada.
And it looks like Apple Pay will be facing some major competition when it finally launches. According to the Wall Street Journal, Alipay constituted 45 percent of total online payment transactions this year.