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The challenges facing Apple Pay on the Chinese market

18/04/2016

Apple Pay launched in China on 18 February through a strategic alliance with China UnionPay. As the biggest bank card association in China, China UnionPay operates an inter- bank transaction settlement system through which the connection and switch between banking systems and the inter-bank, cross-region and cross-border usages of bank cards issued by its associate banks is undertaken. Currently, Apple Pay transactions can only be made via UnionPay QuickPass Point-Of-Sale (‘POS’) terminals in China.

Kevin Wang and Lilith Chen discuss Apple Pay’ s presence and prospects in China with E-Finance & Payments Law & Policy Journal recently. Please download the below file to read the full article.

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The challenges facing Apple Pay on the Chinese market
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Kevin Wang
Kevin Wang, LL.M.
Lilith Chen
Lilith Chen, LL.M.