Apple Pay to Launch in China This Week – Wall Street Journal

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Apple Inc. will debut its electronic-payment system Apple Pay in mainland China on Thursday, according to a person familiar with the matter, its first such attempt to break into the Asian payment market.

The Cupertino, Calif., tech giant strikes the deal with UnionPay, which holds a monopoly on bank-card payments in China, as well as with 19…

Apple Pay to Launch in China This Week – Wall Street Journal