On Thursday, Apple announced an expansion of Apple Pay’s cross-border payment services for users in mainland China. The service is now available to users with Visa credit cards issued by eight Chinese banks, including Industrial and Commercial Bank of China, Bank of China and Agricultural Bank of China, as well as Visa debit cards issued by China CITIC Bank. Eligible cards can be added to the Apple Wallet app and used at overseas merchants that support contactless payments via iPhone or Apple Watch.
Apple said the feature uses dynamic security codes and biometric authentication to enhance transaction security. Additional banks, including Shanghai Pudong Development Bank and China Construction Bank, along with Mastercard, are expected to be added in the coming months, expanding support for cross-border spending such as overseas travel and study. [TechNode Reporting]
Related
