Read original story on: WSJ.com
Almost one month after its official launch, Apple Pay has finally added support for UnionPay, China’s most popular payment card (and the only government-sanctioned payment and inter-bank clearinghouse in mainland China), with over 4.5 billion cards issued. Right now, payment is limited to purchasing digital goods on its regional App Store only. But given China’s booming ecommerce sector, which is projected to hit $409 billion this year, it seems safe to assume that Apple Pay will be expanding its functionality in China soon.
