Apple Pay finally becomes available in China tomorrow, its bank partners said on social media, a year and a half after it debuted in the U.S.
Unlike in America, Chinese shoppers have been whipping out their smartphones to pay for things for years. Alibaba’s BABA 8.88% sister company’s Alipay led the way, signing up retailers and consumers starting in 2004. Some young people in the big cities of Beijing, Shanghai and Guangzhou avoid carrying cash altogether in favor of it, similar to millennials who only use plastic in the U.S.
