Breaking News

New Vero L6 generation of the PSUs The Lockerstor Gen2 Series Brings 10-Gigabit Performance for 5-Gigabit Prices ASUS Republic of Gamers Launches ROG Matrix GeForce RTX 5090 Razer Unveils Raiju V3 Pro Elite Esports Controller For PS 5 Crucial UK Black Friday SSD Deals Are Live

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Apple Pay And Samsung Pay Are Coming To China

Apple Pay And Samsung Pay Are Coming To China

Smartphones Dec 18,2015 0

Apple and Samsung have seperately agreed to partner with and China UnionPay to bring their respective mobile payment systems to China. China UnionPay cardholders will be able to add their bank cards to Apple Pay on iPhone, Apple Watch and iPad, providing convenience and security to everyday shopping.

China UnionPay’s QuickPass and Apple Pay together will protect customer payment information through payment tokenization technology. When you add a credit or debit card, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and stored in a dedicated chip called the Secure Element on your device. Each transaction is also authorized with a one-time unique dynamic security code.

Paying is simple with the touch of a finger and can happen in one motion. In stores, there’s no need to open an app or wake your display. With the NFC antenna design, simply hold iPhone near China UnionPay’s QuickPass-enabled POS terminals with your finger on Touch ID to pay. With Apple Watch, double click the side button and hold the watch face up to the contactless reader to make a purchase right from your wrist.

Apple Pay will roll out to China UnionPay cardholders as soon as early 2016 after relevant tests and certification required by Chinese regulators, with the service itself in compliance with the applicable national mobile payment and financial industry standards in China.

In stores, Apple Pay works with iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus and Apple Watch. When paying within apps, Apple Pay is compatible with iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPad Air 2, iPad mini 3, iPad mini 4 and iPad Pro.

The move will see Apple Pay take on Tencent's WeChat Payment and Alipay, the crown jewel of ecommerce king Alibaba's affiliate Ant Financial, the top player in China's fast-growing online payments market.

Samsung Electronics has also reached a separate agreement with China UnionPay to introduce their mobile payments systems in the country next year.

This collaboration between Samsung and China UnionPay will enable UnionPay cardholders to manage and use credit cards and debit cards on the smartphones via Samsung Pay. Key features of Samsung Pay include its simplicity to use, wide coverage, as well as a high-level of security. First, payment can be easily made within just a few seconds with a swipe up, scan and pay. Second, Samsung Pay-supported contactless payment can be accepted in most of the POS terminals in China, including QuickPass-enabled NFC POS terminals. Lastly, working with China UnionPay, Samsung Pay ensures secure transaction with a triple-layered protection mechanism including fingerprint identification, tokenization and KNOX.

China, the world's second-largest economy, is one of Apple's most important markets for iPhone and tablet sales, but until now the firm has been kept out of its online payments market.



Tags: Apple Pay
Previous Post
Software Revenue Boost BlackBerry Earnings
Next Post
F.C.C. Looks Into Comcast, AT&T and T-Mobile About Zero-Rating Services

Related Posts

  • Apple Says 2019 Was a Landmark Year For Services Including Apple News

  • Apple Pay Dominates the Mobile Payment Transaction Volume

  • European Banks to Build New Mobile Payment Network

  • Apple Pay Coming to Target, Taco Bell and More US Retail Locations

  • Apple Launched Payment Service in Germany

  • Apple Pay Cash Now Supports Person to Person Payments

  • Apple Pay, Samsung Pay and Android Pay Set To Expand This Year

  • Apple Pay Launches In Russia

Latest News

New Vero L6 generation of the PSUs
PC components

New Vero L6 generation of the PSUs

The Lockerstor Gen2 Series Brings 10-Gigabit Performance for 5-Gigabit Prices
Enterprise & IT

The Lockerstor Gen2 Series Brings 10-Gigabit Performance for 5-Gigabit Prices

ASUS Republic of Gamers Launches ROG Matrix GeForce RTX 5090
GPUs

ASUS Republic of Gamers Launches ROG Matrix GeForce RTX 5090

Razer Unveils Raiju V3 Pro Elite Esports Controller For PS 5
Gaming

Razer Unveils Raiju V3 Pro Elite Esports Controller For PS 5

Crucial UK Black Friday SSD Deals Are Live
Consumer Electronics

Crucial UK Black Friday SSD Deals Are Live

Popular Reviews

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Terramaster F8-SSD

Terramaster F8-SSD

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Akaso 360 Action camera

Akaso 360 Action camera

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

Noctua NF-A12x25 G2 fans

Noctua NF-A12x25 G2 fans

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed