Apple Inc partners with UnionPay to launch payment service in China

In July, Apple Inc brought its mobile payments service to Britain to capitalise on the increasing mobile online transactions. (AP)
Apple Inc said on Thursday it had partnered with China UnionPay to launch payment service Apple Pay in China for China UnionPay cardholders by early 2016.
China UnionPay is a state-controlled consortium that has a monopoly on all yuan payment cards issued and used in the country.
“China is an extremely important market for Apple and with China UnionPay and supp