Apple said to plan Apple Pay launch in China by February

From CNET: Apple Pay may make its debut early next year in China, the biggest smartphone market in the world.

Apple's electronic-payments service is expected to launch in China in February, according to The Wall Street Journal. Sources told the newspaper that the Cupertino, California, tech giant has struck deals with China's big four state-run banks that will allow Apple Pay users to link their local bank accounts to the mobile payments service.

Apple representatives did not respond to a request for comment.

Launched last year in the US and other countries, Apple Pay enables owners of the iPhone 6 and later iPhones and the Apple Watch to pay for items on the go via the wireless technology NFC (near-field communication). A growing number of banks and retailers in the US have been using the payment service, which has support from all four major US credit cards.

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