Items tagged with unionpay

Earlier today, Apple made some big moves in its executive ranks with a wave of promotions and new hire. But tonight, Apple announced what could possibly be its most important business deal so far this year, and one that could be extremely lucrative for the electronics company that is deriving a large portion of its revenue from the Chinese market. Apple has reached an agreement with China UnionPay, which will allow cardholders to add their bank cards to Apple Pay. What makes this such a blockbuster deal is that China UnionPay currently operates nation's inter-bank clearing and settlement system and has issued over 5 billion cards both domestically and abroad. UnionPay cards are accepted at 26... Read more...