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

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