Negotiating Apple Pay with Chinese banks was difficult!

The Cupertino company is betting big on
Chinese market, both in terms of products and services, like Apple
Pay which has been available in China since last week. The launch of the
Service has not been easy in the country. He saw himself tainted byserver resource issues, while Apple had tomake
concessionswith Chinese banks to get them to adopt the
service.

Indeed, according to a new report which cites sources close to the
dossier,the apple firm would have revised downwards the percentage of
la commissiontaken from each transaction. So for each
transaction,Apple earns half as much as in the United States,
For example.

In the United States, American banks must pay 0.15% of the amount of
every transaction to Apple, while in China, banks only have to
pour0,07%on each transaction.

In addition, Apple was subject to another condition: the firm of
Cupertino will only be able to start receiving this moneyin two
ans.

This is a precedent which will make negotiations complicated with the
next banks in countries where Apple wants to import its payment solution
mobile, including France, which might not take too longaccording to some rumors.

Source

Deputy editor-in-chief, also known under the pseudonym Teza. Former video games journalist, who has been immersed in tech and Apple products since his very first iPhone 3GS in 2009. He has since worked for several American tech sites and now for iPhon.fr. Incidentally YouTuber and Apple product specialist on the MobileAddict channel. To contact me: maxime[a]iphon.fr