Apple is interested in promoting Apple's pay mobile payment service in the Chinese market, although Apple Pay may face tough times after reports that the company's cooperation talks with China UnionPay have stalled. Today, however, a good news came.
Apple and China UnionPay have completed talks to announce Apple Pay's entry into China in April, as well as a Chinese bank-related microblog, according to a report by Kapronasia, a research and consultancy agency for Asian financial markets, saying it was announced April 15 and April 28.
Alipay is now the most popular mobile payment scheme in China, and NFC is slowly developing. Apple pay into China, and China's mobile payments business is expected to flourish as China UnionPay's flash Pass supports NFC, with 4 million of cash registers to support flash payments, about 25% of all Chinese registers.
In addition to Apple Watch can be used for Apple Pay payments, the media recently reported that the Swiss Swatch signed China UnionPay, Omega and other high-end watches will support NFC. That means China UnionPay's NFC checkout will also support more smart watches from low-end to high-end.