Apple makes a deal with UnionPay, China's biggest payment card: building towards Apple Pay?

Apple Pay is obviously a huge product for Apple. Mobile payments is still a very fragmented, and mostly untapped market, meaning quite a lot of opportunity for a company like Apple to make a mark. Of course, while Apple Pay technically only works in the U.S., there seem to be plans in the works to move internationally, especially to Apple's second biggest market: China.

Apple announced today that it has made a deal with UnionPay for use in the iTunes App Store for one-tap app purchases. This is a major deal because UnionPay is basically the only bank card that exists in China, ...



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