Apple joins hands with China UnionPay to bring Apple Pay in China

NEW DELHI: US technology company Apple has said that it has joined hands with China UnionPay to bring Apple Pay, which transforms mobile payments with an easy, secure and private way to pay, in China.

China UnionPay cardholders will be able to easily add their bank cards to Apple Pay on iPhone, Apple Watch and iPad, providing added convenience and security to everyday shopping.

“China UnionPay is dedicated to promoting payment innovations and providing secure, convenient mobile payment experiences for its hundreds of millions of cardholders, aligning multiple parties in the industry,” said Chai Hongfeng, executive vice president of China UnionPay.

“We’re very excited to offer Apple Pay among a diverse set of innovative payment options that work with China UnionPay QuickPass,” said Hongfeng.

“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,” said Cue.

China UnionPay’s QuickPass and Apple Pay together will protect customer payment information through industry-leading payment tokenization technology.

“Security is at the core of Apple Pay, so when you add a credit or debit card, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in a dedicated chip called the Secure Element on your device. Each transaction is also authorized with a one-time unique dynamic security code,” a statement said.

Paying is simple with the touch of a finger and can happen in one motion. In stores, there’s no need to open an app or wake your display. With the innovative NFC antenna design, simply hold iPhone near China UnionPay’s QuickPass-enabled POS terminals with your finger on Touch ID to pay.

“With Apple Watch, just double click the side button and hold the watch face up to the contactless reader to make a purchase right from your wrist. Shopping within apps accepting Apple Pay has never been easier and there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information,” said the company in a statement.

Apple Pay will roll out to China UnionPay cardholders as soon as early 2016 after relevant tests and certification required by Chinese regulators, with the service itself in compliance with the applicable national mobile payment and financial industry standards in China.

In stores, Apple Pay works with iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus and Apple Watch. When paying within apps, Apple Pay is compatible with iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPad Air® 2, iPad mini 3, iPad mini 4 and iPad Pro.

China UnionPay also known as UnionPayor is the only domestic bank card organization in the People's Republic of China (PRC).

Founded on March 26, 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the People's Bank of China (PBOC, central bank of China).