皇冠体育app

An Apple iphone 6 with Apple Pay is shown in this photo illustration in Encinitas, California, June 3, 2015. [Photo/Agencies]

Apple Inc plans to launch its mobile payment system Apple Pay in 皇冠体育app by early February, the Wall Street Journal reported.

The iPhone maker has struck deals recently with 皇冠体育app's big four State-run banks, the newspaper reported late Monday, citing people familiar with the discussions.

When launched, Apple Pay will mainly compete with Alipay, the online payment platform run by Alibaba Holding Group Ltd affiliate Ant Financial, and UnionPay Co, a State-controlled consortium that has a monopoly on all yuan payment cards issued and used in the country.

Apple's plans could still face regulatory hurdles in 皇冠体育app, where banking and e-commerce are overseen by a number of government agencies, WSJ said.

"We have nothing to announce at this time," an Apple spokeswoman in 皇冠体育app said in an email to Reuters.

Launched in the United States in October last year, Apple is bringing its payment service to 皇冠体育app, the most important market for smartphones. The company's sales nearly doubled in Greater 皇冠体育app in its fiscal fourth quarter from a year earlier.

The amount Apple would make off such transactions has been a sticking point in negotiations to bring Apple Pay to 皇冠体育app, the Journal quoted the people as saying.

It is also not clear how much Apple would charge for purchases made through Apple Pay in 皇冠体育app. The company gets 0.15 percent of all credit card transactions and 0.5 cents per debit transaction in the United States, the paper said.

In July, Apple brought its mobile payments service to Britain to capitalize on the increasing mobile online transactions.

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