Apr 13, 2015 06:00 PM

Time Still Not Ripe for Apple Pay to Enter China Market

(Beijing) – China's iPhone users will have to continue to wait to use the Apple Pay payment system because the latest update to the popular smartphone's operating system does not support bank cards from UnionPay, the only company that handles interbank payments in the country.

Apple Inc. released its latest operating system – iOS 8.3 – on April 9, but it does not support China UnionPay.

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