Apple's App Store Now Accepts World's Most Popular Payment Card
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The most common payment card in the world isn’t Visa or MasterCard. China’s 12-year-old UnionPay brand accounted for 38% of the world’s cards in 2013, compared to Visa (24%) and MasterCard (18%), according to London-based research and consulting firm RBR.
Now consumers in China, the world’s largest smartphone market, can use UnionPay to pay for purchases in the Apple App Store, Apple said Monday.
It’s a step forward for Apple as it nails down its path on mobile payment in China, where paying for taxis, restaurants and shopping via smartphone is already well-developed. (Apple Pay isn’t in use yet in China. There’s been buzz about a possible collaboration with e-commerce giant Alibaba and its third-party payment solution, Alipay, after founder Jack Ma said he was open to the idea.)
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