18.09.2015 - Apple plans to develop a payment service in China
Apple said about founding Apple Technology Service (Shanghai) in Shanghai Free Trade Zone. The purpose of this company is to provide technical advice, maintain and integrate the payment system. According to Tim Cook, the launch of Apple Pay is planned in the near future and is a subject to approval by the Chinese authorities, which will significantly increase the attractiveness of investing in shares of the company. We remain medium-term positive outlook and expect growth of 35-40% in the medium term.