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Apple to allow payments through WeChat in China

The agreement will allow Apple to increase its service revenues

IANS  |  Beijing 

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Following an agreement between and Chinese company Tencent, the US-based company will allow payments through WeChat, one of the most popular payment systems in China, for its App Store and Music.

The agreement, signed on Tuesday, will allow users to buy applications and stream music online using the link between the accounts on Apple's App Store and WeChat, owned by

"Apple will continue to be committed to offer customers across its ecosystem a variety of payment options that are simple and convenient," Efe quoted an Apple spokesperson as saying.

The agreement will allow Apple to increase its service revenues and offset a drop in iPhone and iPad sales in the last few quarters in

Around 963 million people worldwide use -- an instant messaging application similar to WhatsApp but with a wider range of services, including a payment platform.

Mobile payment is becoming increasingly popular in Around 40 per cent of Chinese consumers use new payment methods, mostly on two leading platforms, Alipay and WeChat, for online as well as traditional shopping.

First Published: Wed, August 30 2017. 15:37 IST