This month (Feb.18th) marks the first anniversary of Apply Pay’s entry into the Chinese market. Despite being the most popular third-party payment service in the US, Apply Pay is currently under-performing its expectations in China. Homegrown giants such as WeChat wallet and Alipay, are not leaving much breathing room for Apple Pay.

How fierce is the competition from Alipay and Wechat Wallet (TenPay)? What problems are holding back Apple Pay’s development in China?

What are the advantages and disadvantages of NFC-based Apple Pay and QR code scanning based Alipay and Wechat Wallet?