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.
Mi Pay is launched in collaboration with China UnionPay.
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.
Samsung Pay follows its main rivals Apple Pay and Android Pay to leverage the Australian market.
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.
Japanese authorities are going to start the experiment with fingerprint payment terminals this summer.
Gemalto and Worldline are rolling out mobile payments solutions to tap the growing NFC market.