Tim Cook has revealed many future plans for Asia, intention to capitalize on artificial intelligence and desire to create a cashless society during a recent interview.
Reportedly, LG has encountered certain problems while testing its mobile payment service LG Pay and had to cancel the scheduled launch.
Tim Cook unveiled that the number of monthly active users last month rose more than 450 percent year over year.
Apple Pay’s availability in Switzerland marks the second European launch of the service.
Apple competes with PayPal to offer the best solution for online shoppers.
Making attempts to expand payments globally, Apple Pay has run into technical challenges, low consumer take-up and resistance from banks.
The smartphone giant Xiaomi has a large number of existing users so the payment service is expected to grow rather fast.
Although now more than a half of all transactions in stores are conducted with cash, the supermarket chain sees the growing poularity of contactless method.
With millions of users all over the world, the mobile payments technology is expected to significantly change and improve the way we pay for products and services.
The move made by Apple Inc. can provide a strong competition to PayPal, which has so far been the most popular alternative payment method on countless retail websites.
Apple introduces iPhone SE with Apple Pay.
However, the number of retailers and consumers using mobile wallets as a convenient payment option remains relatively small.