Apple has launched Apple Pay application in China. This service became available for the owners of 80% of credit and debit cards after the conclusion of an agreement with 19 Chinese banks, Euronews reports. This method of payment will be particularly useful in the network of international restaurants. Many Chinese online stores have also started to accept Apple Pay payments. Apple’s main rival in mobile payments is the Chinese company Alibaba which already controls more than 70% of the market. The market volume is estimated to be worth more than 2 trillion euros.