Apple Pay to enter Chinese marketplace in 2016 with support of UnionPay

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Date: Friday, December 18th, 2015, 06:32
Category: Apple Pay, News, retail


This is a pretty huge step in the world of Apple Pay.

Apple on Friday announced that it’s bringing Apple Pay to China with the support of UnionPay for its mobile payment system.

In China, Apple Pay will support 15 of the country’s leading banks. It’s presently unknown as to which banks will be supported. In China, Apple Pay will work with the UnionPay Quickpass, which is an existing contactless payment method in the country. iOS users in China will be able to simply hold their iPhone or Apple Watch near a UnionPay terminal at participating stores to activate Apple Pay.

Apple says that the partnership with UnionPay allows for a secure and vast rollout in China. The rollout will commence “as early as 2016,” following the completion of tests and certification required by the Chinese government.

Apple has hoped to bring Apple Pay to China for some time now and a report released last month stated that the company had invested $13 million in its effort to bring the service to China.

Stay tuned for additional details as they become available.

Via 9to5Mac

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