Apple Pay to launch in China from 2016

Silicon Valley:International media has reported China’s state-owned bankcard association, China UnionPay, has joined forces with Apple to bring the US giant’s electronic payment system, Apple Pay, to the mainland.Apple Pay will roll out to China UnionPay cardholders as early as 2016, pending approvals, the firms said.Shoppers around the world are being encouraged to use smartphones instead of cards to pay for in-store purchases.


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