Apple and China UnionPay have agreed to partner on a mobile payment service that will bring the bank card organization’s app to iPhones nationwide. This will make it possible to pay-by-phone at the 3 million “QuickPass” POS machines nationwide, reports Brightwire. The two companies are also collaborating on a separate mobile payments solutions that will allow for purchases within Apple stores.
The system is designed to follow standards set for QuickPass by the Peoples Bank of China (PBOC). Chinese banks have been invited to participate in the project.
China UnionPay is the only domestic bank card organization and interbank network in China and links the ATM services of 14 major banks.
While bringing expanded mPay to China, Apple is also moving to integrate NFC technology in the next generations of iPhones. The software/hardware giant filed for a patent covering Near Field Communication technology with the US Patent and Trademark Office in January this year.
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