and competes against companies like Huawei that offer cheaper options to consumers, especially in emerging markets like China and India.
Apple said that over 70% of merchants in the US accept Apple Pay, while that number jumps to 99% in Australia. While mobile payments are still struggling to gain traction in the US, more than 80% of consumers used mobile payments in China in 2018, according to research from Bain citedApple faces competition in China from QR code-based mobile payment services from Chinese tech giants Alibaba and Tencent.
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