News: Report claims Apple Pay fees in China are half of what U.S. banks pay
Apple Pay fees charges in China are less than half what the company demands from U.S. banks, Chinese website Caixin reports. The digital payment method launched in China last week after grueling negotiations over what Apple would be able to charge in a market already flooded with mobile payment methods. Sources with knowledge of the negotiations said Chinese banks are paying Apple around 0.07 percent of each transaction — substantially less than…
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News: Report claims Apple Pay fees in China are half of what U.S. banks pay
