Apple Pay is currently only available in the US, but he estimates that Apple will bring Apple Pay into Hong Kong within 12 months. Convenience stores will definitely have demand, describing NFC as fast and effective in dealing with small payments, like Alipay. Convenience stores were first introduced, and then spread to first-tier merchants such as supermarkets and department stores, and seized 40% of the market share in Hong Kong within two to three years. Merchants such as Wellcome and Maxim are currently using PAX's products, but are asked if Apple Pay will go ahead of such merchants. He does not allow it. It only means that Apple Pay should be paid in small amounts.
In fact, the clients of PAX are the acquiring banks, namely HSBC, Hang Seng and other banks, rather than directly facing the consumers, that is, the income is not directly related to the transaction amount. However, Li Shubing pointed out that because many banks have seen the development trend of NFC payment, they have begun to purchase NFC credit card machines. The NFC credit card machine is priced at 200 US dollars, and the NFC card reader connected to the old machine without NFC sells 70. Dollar.
He said that PAX shipped a total of 1.9 million units last year, ranking the third in the world in terms of shipments. Only inventor in France and VeriFone in the US, you can be Huawei, they are Nokia, Ericsson, and the market share of rivals. As the situation worsened, VeriFone slipped from 26% to 18%, while Baifu rose from 6% to 9.3%. Li Shubo threatened to have a market share of 12% this year and 15% in two years.
Commercial Furniture,Commercial Office Furniture,Commercial Desk,Commercial Lounge Furniture
NINGBO CHEN WEI SUPPLY CHAIN MANAGEMENT CO.,LTD , https://www.chenweifurniture.com