Apple Launches Mobile Payments in China

mobile-payApple introduced its mobile payments system to China through a partnership with China UnionPay, as the iPhone maker teams with the country’s largest payment and clearing network.

Users can sign up by adding their bank card information into the Wallet application on Apple devices. Customers of 19 lenders, including Industrial & Commercial Bank of China and Agricultural Bank of China, will be able to use Apple Pay through UnionPay’s point-of-sales network, UnionPay said Thursday.

China is an increasingly critical component of Apple’s business, helping it sell a record 13 million iPhones during the September debut-weekend of its latest handsets.

Source: AdAge

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