'UnionPay' Articles

iPhone Users in China Experiencing Issues With Apple Pay [Updated]

Smartphone users in China are facing a number of system errors trying to sign up for Apple Pay after it was officially released in the country yesterday. Apple's mobile payment service became available on February 18 through a partnership with China's state-run interbank network, UnionPay. However, it appears that the sheer amount of users attempting to sign up to the platform during the first 24 hours has overloaded the system. "It kept telling me the phone 'cannot connect to Apple Pay' or the verification for the card is not available when I was linking a bankcard," said one iPhone owner, who did eventually link the card after several attempts but then "could not even open the app" to register another. Apple initially announced its intention to launch Apple Pay in China in December, with plans to make the service available in early 2016 following the "relevant tests and certification" required by Chinese regulators. China is Apple's second largest market when it comes to revenue after the americas. Deals with 19 of the biggest lenders in China will see 80 percent of credit and debit cards in China eligible for use with Apple Pay. Update 6:16 AM: Apple has clarified that no official statement was given on the issues, and what has been reported by other sources has been misquoted and mistranslated. Apple says it is making Apple Pay available to Chinese users on a rolling basis throughout the

Apple Pay Now Available in China Through Partnership With UnionPay

It's now February 18 in China, and as was rumored earlier this week, the country is now the fifth location where Apple Pay is officially available. Implemented through a partnership with UnionPay, China's state-run interbank network, Apple Pay in China can be used by iPhone, iPad, and Apple Watch owners with an eligible China UnionPay debit or credit card. "We think China could be our largest Apple Pay market," Apple's vice president of Apple Pay, Jennifer Bailey, told Reuters. China is Apple's second largest market when it comes to revenue after the americas and it has become an increasingly important area of growth for Apple. The company has inked deals with 19 of the biggest lenders in China, which will see 80 percent of credit and debit cards in China eligible for use with Apple Pay. In retail locations in China, Apple Pay is available on the iPhone 6 and later and the Apple Watch at any location that has a UnionPay-compatible point-of-sale system. Within apps, Apple Pay purchases can be made using an iPhone or iPad that supports NFC, which includes the iPhone 6 and later and the iPad Air 2, iPad mini 3, iPad mini 4, and iPad Pro. Apple initially announced its intention to launch Apple Pay in China in December of 2015, with plans to make the service available in early 2016 following the "relevant tests and certification" required by Chinese regulators. The first signs of Apple Pay in the country came in January, with several UnionPay users demonstrating Apple Pay in stores and in apps on YouTube, and the official launch followed today. Apple Pay is also

Apple Pay Seemingly Nearing Launch in China With UnionPay

A pair of new videos appear to show Apple Pay working with UnionPay bank cards in China for both in-store and in-app purchases. In the first video, a customer appears able to select a UnionPay card in Apple Pay and hold his iPhone near a QuickPass-enabled Verifone payment terminal to complete a purchase at McDonald's. The terminal says "transaction completed" and the self-checkout kiosk proceeds to print a paper receipt. The second video appears to show an iPhone user selecting a UnionPay card in Apple Pay and making an in-app purchase within Chinese travel app Ctrip. The transaction looks to be secured with Touch ID and approved. The veracity of either of the two videos cannot be confirmed, but the timing makes sense. Last month, Apple announced that Apple Pay will expand to China in early 2016 in partnership with UnionPay, a state-run interbank network that holds a monopoly on the country's credit and debit card processing. UnionPay cardholders will be able to use Apple Pay on iPhone, Apple Watch and iPad -- the latter for in-app purchases only."Apple Pay has revolutionized the way millions of people pay every day with their iPhone, Apple Watch and iPad," said Eddy Cue, Apple's senior vice president of Internet Software and Services. "China is an extremely important market for Apple and with China UnionPay and support from 15 of China's leading banks, users will soon have a convenient, private and secure payment experience."China will be the fifth country to adopt Apple Pay since its U.S. launch in October 2014. The mobile payments service expanded to the

Apple and UnionPay Closing in on Apple Pay Agreement for China

Apple and China UnionPay have reportedly reached a deal to bring Apple's NFC payment service, Apple Pay, to the country. The preliminary agreement between the two companies would see Apple introduce Apple Pay through UnionPay's point-of-sales network, according to "people familiar with the matter" who spoke with Bloomberg. Details of the agreement are yet to be finalized, pending feedback from banks that issue cards, said the people, asking not to be identified as the matter is private. Shanghai-based UnionPay, the nation’s largest payment and clearing network, aims to introduce Apple Pay as soon as next year, one of the people said. The sources point to Apple Pay assisting in fending off UnionPay's closest rivals in the Chinese mobile payments market, including Alibaba Group and Tencent. Terms of the deal would bring Apple Pay to more than 5 million NFC-enabled point-of-sale machines in China. Bloomberg's sources still state that the two companies have yet to sign agreements on the deal with participating banks within the country, suggesting local banks' fear high fee charges tied with the service and a low adoption rate. Yesterday, The Wall Street Journal reported that Apple has already reached deals with China's big four state-run banks and plans to launch Apple Pay in February

Apple's Efforts at Bringing Apple Pay to China Hitting Roadblocks

While Apple Pay has yet to expand to any markets outside of the United States, rumors have suggested international expansions could begin in the relatively near future. One of those possible markets is China, with the first iOS 8.3 beta seeded to developers last week building in Apple Pay support for China UnionPay. According to a new report from Caixin [via MarketWatch], however, talks have stalled as Chinese financial institutions remain wary of Apple Pay and Apple has yet to approach regulators about gaining approval for the service."Apple is seeking to cooperate with Chinese financial institutions" including banks for the use of Apple Pay, a People's Bank of China (PBOC) official said. At the same time, the American company has not yet "acknowledged regulators" and as a result "it's unclear whether the product meets the government's requirements" for a commercial operation. Apple is also struggling with its relationship with UnionPay, China's state-owned credit and debit card system operator. Sources close to the companies said that talks aimed at an agreement that would open China to Apple Pay have stalled.On the regulatory side, the NFC chips used in the iPhone are said to not fully comply with Chinese technical standards, while regulators are also insisting Apple open a data center in mainland China to manage customer information linked to Apple Pay in that country. On the institutional side, China UnionPay is reportedly wary of losing some of its grip on the mobile payments market, as the organization currently controls the only NFC payments system in