Apple has apparently been working to launch their Apple Pay mobile payments system in China, although according to a recent report the launch of the service may be delayed.
Apple has been in talks with China’s UnionPay about the launch of Apple Pay in China and the talks have apparently stalled.
UnionPay is China’s largest debit and credit card processor, the company is state owned and Apple will need to strike a deal with them to launch their mobile payment system in China.
Apple Pay support was expected to launch in China with the release of iOS 8.3 which happened last week, although as no deal has been done, the launch was delayed.
It is not clear as yet on exactly what is holding up the deal between Apple and UnionPay in China, and it looks like Apple Pay will not be launching in China any time soon, until an agreement can be reached.
Source Market Watch, Apple Insider
Filed Under: Apple, Top News