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Apple Pay prepares to launch in China

Apple Inc. will entrance a electronic-payment complement Apple Pay in mainland China on Thursday, according to a chairman informed with a matter, a initial such try to mangle into a Asian remuneration market.

The Cupertino, Calif., tech hulk struck a understanding with UnionPay, that binds a corner on bank-card payments in China, as good as with 19 Chinese banks.


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  launched Apple Pay in a U.S. in 2014 and has stretched a use to a U.K., Australia and Canada.

Apple Pay allows users to compensate for their purchases with a signature inclination — iPhones, iPads and Apple Watches — that they can daub opposite scanners promotion Apple Pay or UnionPay’s QuickPass, a chip-based contactless remuneration service.

With a launch of Apple Pay in mainland China, Apple will be entering a marketplace where electronic payments are already widely used. More than 358 million Chinese control their remuneration online around mobile devices, according to 2015 total from a central China Internet Network Information Center, that pronounced some-more than 416 million Chinese done payments online.

An stretched chronicle of this news appears on WSJ.com.


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