Ap­ple Pay launched in China

The Pak Banker - - COMPANIES/BOSS -

Af­ter a num­ber of re­ports re­gard­ing the sup­posed launch date of Ap­ple Pay in China, the mo­bile pay­ment ser­vice pro­vided by the US tech gi­ant with China UnionPay has of­fi­cially be­come avail­able in the coun­try at 5 am on Thurs­day.

China has be­come the fifth coun­try in which Ap­ple has de­ployed its pay­ment sys­tem, af­ter the US, the UK, Canada, and Aus­tralia.

In­stead of scan­ning a bar code, which is re­quired by ex­ist­ing mo­bile pay­ment ser­vices pro­vided by Ali­pay and WeChat, Ap­ple Pay users will uti­lize what is called near-field com­mu­ni­ca­tion tech­nol­ogy, or NFC, to al­low con­tact­less data ex­change be­tween iPhone, Ap­ple Watch and point of sale ter­mi­nals. The trans­ac­tion will be com­pleted when users hold their devices near a POS por­tal with UnionPay's built-in Quick­Pass fea­ture. Some of the retail mer­chants and fast-food restau­rants have en­abled the pay­ment ser­vice, in­clud­ing Burger King, Pa­cific Coffee, Lane Craw­ford, Seven Eleven, KFC Bei­jing and Car­refour.

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