UnionPay, China’s most popular payment card, has been added to consumer tech giant Apple’s App Store payment options in the Asian country.
This decision by Apple could prove to be a major money spinner due to the potential scale of the agreement, as UnionPay has issued 4.5bn cards around the world to date, including all cities and rural areas in China.
As a bank card network, UnionPay operates China’s national interbank clearing and settlement system, develops the worldwide UnionPay card acceptance network, promotes the issuance and usage of the UnionPay card, as well as other payment solutions, so as to provide quality, efficient and safe payment services to cardholders.
“The ability to buy apps and make purchases using UnionPay cards has been one of the most requested features from our customers in China,” says Eddy Cue, Apple’s senior vice-president of internet software and services.
“China is already our second largest market for app downloads, and now we’re providing users with an incredibly convenient way to purchase their favourite apps with just one tap.”