Apple Pay

Today Apple and China UnionPay announced plans to bring support for Apple Pay to China by the beginning of 2016. China UnionPay is the only bank card organization in China, and so partnering with them was essential to Apple expanding the Apple Pay service to the country. Apple Pay is Apple's mobile payment service that utilizes NFC and either an iPhone or an Apple Watch to make mobile payments at merchants that have the necessary payment terminals to support contactless payments. At launch, Apple Pay will be available on 15 of China's leading banks. It's not specified exactly which banks have signed on for the original roll out, but if the service expands in the way it has in the United States that number will...