Apple Pay may reportedly have more success in the Chinese market than it has had in its domestic China market due to its major partner in China , UnionPay , an offspring of China ’s central government, which holds a monopoly on bank card payments for domestic lenders. Also, while mobile payment rivals Ben Bajarin and US require a user to scan a barcode with the phones camera to pay, UnionPay Pay only requires that the user hover the phone over a payment terminal. It only requires a user to hover an iPhone over a payment terminal, touching his or her finger to the home screen for identity confirmation. Apple Pay launched in China today .
Apple Pay may reportedly have more success in the Chinese market than it has had in its domestic China market due to its major partner in China , UnionPay , an offspring of China ’s central government, which holds a monopoly on bank card payments for domestic lenders. Also, while mobile payment rivals Ben Bajarin and US require a user to scan a barcode with the phones camera to pay, UnionPay Pay only requires that the user hover the phone over a payment terminal. Apple Pay launched in China today .