BEIJING | Apple announces that Apple's App Store has added UnionPay as a payment option for customers in China. China UnionPay is the most popular payment card in China and will provide App Store customers with a simple and more convenient way to purchase their favorite apps. Customers can easily link their Apple ID with a UnionPay debit or credit card for one-tap purchases.
UnionPay, established in 2002, is the national bankcard association in China. It is world's largest card payment scheme, with over 4.5 billion cards. In addition, and apparent from a report this Spring, the UnionPay debit card is the largest debit card in the world based upon volume processed, outperforming MasterCard and Visa debit volume.
Their international branch, UnionPay International - founded in 2012 - is rapidly expanding UnionPay's international issuing and acceptance footprint. It has already assured acceptance in over 140 countries with collaborations with more than 400 financial institutions around the globe.
Most requested feature
“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 convenient way to purchase their favorite apps with just one-tap.”
Sourced from Press Release by Apple, November 17th, 2014