“Rumors abound that Apple has finally reached an agreement with China UnionPay and is rolling out the China version of Apple Pay in April,” Denis Suslov reports for Kapronasia.
“According to a Bank of China-related Weibo post, April 15th is the day of official announcement and April 28th will be launch day,” Suslov reports. “The timing is close to what was expected, even though there were reports that negotiations were going less smoothly than predicted.”
Suslov reports, “The infrastructure is there: over 4 million POS terminals have been deployed that support UnionPay’s NFC-enabled Quickpass technology, representing about 25% of all terminals in China.”
Read more in the full article here.
MacDailyNews Take: If so, more big news for Apple Pay, the leader in contactless payments.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Bill” for the heads up.]