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China is already a bigger market for Apple than Europe, and is on its way to surpass the United States soon as well. So, its not a surprise that Apple is trying really hard to bring Apple Pay to China since its large user base will help in greatly increasing the popularity of Apple Pay among consumers.
Apple has been in talks with local Chinese banks to bring Apple Pay since early this year, but the Chinese government regulations and a disagreement between Apple and banks on the share of commission on every Apple Pay transaction had stalled the launch of the mobile payment service.
Samsung is also reported to launch its mobile payment service, Samsung Pay, in China early next year. Right now, Alipay is the most popular mobile payment service in China, which is backed by Alibaba.
Since its launch in October 2014 in the United States, Apple has expanded Apple Pay to the United Kingdom and more recently to Canada and Australia.
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