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Mobile payment systems are gaining traction today, especially with the high profile release of Apple Pay, the near field communications (NFC) based system that Apple developed and released late last year. Since then, we have seen lots of retailers, banking institutions, credit card companies, and soon, even vending machines, gas pumps, and federal agencies support Apple Pay. The good thing about the launch of Apple Pay is that is also encouraged consumers to pay attention to mobile payment systems in general, including those that existed way before Apple introduced its own system.
China, particularly its urban areas, make up the biggest smartphone market in the world today. And it appears that Apple has managed to capture a quarter of all smartphone sales in that market.
According to Kantar Worldpanel ComTech, for the period spanning November 2014 to January 2015, Apple's market share in urban China is 25.4 percent. For the record, that is the biggest market share that the company has ever scored in that country. Last year, Apple only had a 17.4 market share in the same three-month period.
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