With a new Apple Store recently opened in Beijing and its SVP of Retail, Angela Ahrendts’ emphasis on Chinese market, Apple has clearly shown its intent on focusing on China. As part of this expansion into China, Apple announced yesterday that it will accept UnionPay as a form of payment on App Store.
UnionPay is the only domestic bank card organisation in China with over 4.5 billion cards issued. The card is accepted in over 140 countries and regions in the world.
“The ability to buy apps and make purchases using UnionPay cards has been one of the most requested features from our customers in China,” said Eddy Cue, Apple’s senior vice president of Internet Software and Services. “China is already our second largest market for app downloads, and now we’re providing users with an incredibly convenient way to purchase their favorite apps with just one-tap.”
This announcement may have something to do with Apple figuring out how to make Apple Pay, its mobile payment service, work in China. There have been suggestions that Apple may team up with Chinese e-commerce company, Alibaba, to form a mobile payment service, Alipay.