UnionPay is in charge of running China's banking card industry and the companies have promised the service will expand to China "as soon as early 2016." Apple Pay has support from 15 of China's most popular banks but still requires certification from Chinese regulators. Apple appears to feel confident, given their press release.
"China UnionPay is dedicated to promoting payment innovations and providing secure, convenient mobile payment experiences for its hundreds of millions of cardholders, aligning multiple parties in the industry," said Chai Hongfeng, executive vice president of China UnionPay. "We're very excited to offer Apple Pay among a diverse set of innovative payment options that work with China UnionPay QuickPass."
"Apple Pay has revolutionized the way millions of people pay every day with their iPhone, Apple Watch and iPad," said Eddy Cue, Apple's senior vice president of Internet Software and Services. "China is an extremely important market for Apple and with China UnionPay and support from 15 of China's leading banks, users will soon have a convenient, private and secure payment experience."
Apple Pay is currently live in the US, UK, Canada and Australia.
Written by: Andre Yoskowitz @ 17 Dec 2015 23:26