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  • Apple Pay's Future in China Still Up in the Air


    Apple Pay may be a red-hot service across the United States, available at thousands upon thousands of retail stores nationwide, but the world's most populous nation is still being denied access to the mobile money platform that was widely expected to be available in China by now.

    "China’s iPhone users will have to wait some more to use the Apple Pay payment system because the latest update to the popular smartphone’s operating system does not support bank cards from UnionPay, the only company that handles interbank payments in the country," MarketWatch is reporting.

    Official sources aren't speaking on the record about the ongoing troubles, but we're told that a resolution isn't expected to be imminent. Apple has been engaged in talks with UnionPay since last year about finding a way to bring Apple Pay to Chinese consumers.

    Complicating matters further is that Apple also reportedly hasn't made "any breakthroughs in talks with Chinese banks, which would also have to agree for the Apple Pay system to work." Consequently, there are no estimated time frames in place for when Apple Pay may formally launch in China.

    Source: MarketWatch
    This article was originally published in forum thread: Apple Pay's Future in China Still Up in the Air started by Michael Essany View original post