Apple Pay can't get off the ground in China as iOS 8.3 fails to add support for China UnionPay

Apple Pay can't get off the ground in China as iOS 8.3 fails to add support for China UnionPay
While Apple Pay has created interest in mobile payment services in the U.S., in China the feature can't get started. That is because iOS still does not support China UnionPay. That is the only firm that handles interbank payments in the country. Software developers were told in February when the iOS 8.3 beta was seeded, that it would include support for UnionPay. This never happened and an anonymous employee for the Chinese bank said that there are no agreements in place with Apple. He also adds that there is no timetable as to when an agreement will be reached.

For its part, Apple was hoping to have a deal in place by last month that would allow it to launch Apple Pay in China. Sources say that Apple is having problems in its dealings with UnionPay. But that isn't the only Chinese banking institution to stonewall Apple. Sources say that Apple approached eight banks in the country and the talks failed miserably. One of the banks, Industrial & Commercial Bank of China, doesn't want to have anything to do with Apple. Another issue between Apple and Chinese banks deals with Apple's take of .15% of the 2% that credit card companies get paid from the merchants who accept their cards. The banks in China say that this is too steep a price to pay.

Another country where Apple is having problems getting Apple Pay started is in Britain. The tech titan had hoped to get the service started in the first half of this year, but the British launch could be delayed until the second half of the year. Besides Asia, Apple is looking to expand its mobile payment service to Canada, Europe, the Middle East, India and Africa.

source: Marketwatch via AppleInsider

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5 Comments

4. mixedfish

Posts: 1561; Member since: Nov 17, 2013

Alipay is where it's at for China.

5. Sauce5 unregistered

Alipay and Apple are supposedly teaming up soon.

6. wando77

Posts: 1168; Member since: Aug 23, 2012

Hope sammy get their arse into gear and get samsung pay up and running in the uk. It is much better than apple pay

7. TBomb

Posts: 1574; Member since: Dec 28, 2012

Someone's sole duty was probably just to make sure it works with everything... "You had one job!"

8. j2001m

Posts: 3061; Member since: Apr 28, 2014

Hm, last time I looked the Samsung s6 and s6 edge cost more then your iPhone big time, you must be all poor iphome users time to upgrade and get with the new cool edge hi cost phone

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