MarketWatch According to foreign media reports, about the apple between Apple and China UnionPay mobile payment services into China Apple Pay negotiations deadlocked, Apple’s mobile payment services into China Apple Pay the date may be postponed again.
MarketWatch reported that the CUP with Apple Pay no agreement on operational issues in China. Previously MarketWatch had expected Apple Pay will be in March this year into China, and later reported that Apple’s negotiations with UnionPay no progress. As of today, MartketWatch news that the two sides have not finalized Apple Pay into China time. Due to mainland China UnionPay is responsible for handling all of the inter-bank transaction, so Apple really has no choice but to cooperate with CUP. For example, China Mobile and China Unicom’s near-field payment (NFC) services connected with the Consortium to achieve the transfer payment system.
The source said that in addition to the CUP, the Apple last year with eight major Chinese banks have been negotiating, but no agreement was reached. In addition to technical problems, the Apple rates the issue is also considered Apple Pay into China is a major obstacle. In the United States, in addition to 0.5 cents per transaction charge a fixed fee, Apple also charge the merchant fees (2% per transaction amount) of 0.15% of the fee. And in China, CUP does not want to provide such a high fee.
Because iPhone 6 and 6 Plus sales hit a record, Apple let Apple Pay out of the country seeking to break new ground, but so far, the negotiations have not yet been successful. In December last year, media reports said that Apple plans earlier this year to push Apple Pay in the UK, but the negotiations between the Bank of England due to unfinished, Apple Pay into the UK time has been postponed.