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Apple partners with UnionPay to move Apple Pay to China

Apple currently announced it had partnered with China UnionPay, a state-run association that is a country’s usually bank-card issuer, to move Apple Pay to a People’s Republic of China (PRC).

“China is an intensely critical marketplace for Apple and with China UnionPay and support from 15 of China’s heading banks, users will shortly have a convenient, private and secure remuneration experience,” Eddy Cue, Apple’s tip executive for a Cupertino, Calif. company’s mobile point-of-sale remuneration service, pronounced in a Friday statement.

Cue is right about China being an critical marketplace for Apple: In a mercantile year that finished Sept. 30, a Greater China segment — a PRC, Hong Kong and Taiwan — was obliged for 25% of Apple’s sum revenue, second usually to a Americas. More importantly, Greater China accounted for many of Apple’s growth. In a many recently-reported quarter, a region’s income jumped 99% over a same duration in 2014.

Apple Pay works on a latest iPhone models — including final year’s iPhone 6 and this year’s 6S — and relies on near-field communication (NFC) to let users daub their smartphones on check-out point-of-sale readers to sanction payment. The Apple Watch can also make Apple Pay payments when interconnected with an iPhone 5 or later.

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