Fast-food retailers McDonald’s Corp and KFC are among the first group of merchants in the Chinese mainland to use Apple Pay, the smartphone-based payment system launched in the country, on Thursday [18 February 2016]. McDonald’s adopted the payment system at its 1,700 restaurants across the country. “McDonald’s is offering customers a digital and personalized dining experiencing,” said Guan Xucong, chief marketing officer of McDonald’s China operation…Full Article: China Daily Feb 2016
Key Points
- As of early 2016, China’s electronic payment market was dominated by Alibaba Group’s Alipay and Tencent’s WeChat Wallet.
- In February 2016, Kentucky Fried Chicken (KFC) in China will utilize Apple Pay in its Beijing-based restaurants (258 outlets).
ChinaAg Comment
- In July 2015, various KFC restaurants in Beijing, Shanghai, and Zhejiang began allowing customers to pay via Alibaba Group’s Alipay.com.