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Apple comes up against roadblocks, regulatory concerns in bringing Apple Pay to Chinese marketplace

Apple may have a few roadblocks before it can get Apple Pay into the Chinese marketplace. As introduction efforts proceed, China’s central bank, UnionPay bank-card service and e-commerce giant Alibaba Group Holding Ltd. are standing up to Apple’s effort to bring the Apple Pay no-card-no-cash payment system to iPhone users in China. At the same […]

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Finance News retail

Apple making progress in forming alliance between Apple Pay and Alibab’s Alipay in Chinese marketplace

While Apple may be spinning its wheels arguing with MCX and getting Apple Pay supported by assorted U.S. retailers stuck in their MCX/CurrentC contracts, it seems to be doing ok opening Apple Pay up in the Asian marketplace. According to AppleInsider and the Wall Street Journal, after officials from both Apple and Alibaba publicly expressed […]