The Immediate Future of Apple Pay Could Pass for Giant Asia, China

Much you are writing about what will be the next step for Apple Pay outside the borders of the United States. The success of the platform for payments in this country is more than evident, so giving good “experiment”, Apple should look for markets where to expand its platform. China has become a priority market for Apple and the Asian giant has a very tempting business volume.

At first it was rumored that perhaps the British Isles would next focus on which Apple Pay would focus. England has always been a very loyal Apple market and a movement thus allow Apple maintain an environment controlled upon his new creation. But after the launch of the beta 8.3 of iOS showing support for China UnionPay, it seems clear the next move of Apple.

For those who are unfamiliar with it, China UnionPay is the Chinese operator of bank cards, both credit and debit cards, to which belongs to PeopleĀ“s Bank of China, the central bank of the country. It is also the only interbank network of China. Internal sources declare that negotiations with Chinese institutions are there, but they are at an impasse.

Apparently the NFC Chip in the iPhone 6 does not meet all of the standards demanded by the Chinese authorities, so there could come some of the problems. Also it is asking Apple to open a data center in the country to handle all payment information for the use of Apple Pay. We will see if the release of iOS 8.3 us out of doubt.

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Source: noticias.latam.msn.com

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