China‘s reported push back today against Apple’s entry into the Mainland’s payments space is nothing more than “optics” for negotiation purposes, a payments source close to Apple told Bank Innovation. “This is classic China negotiations — the agreements were signed months ago,” the source said. “This is a way toRead More
Post Tagged with: "China UnionPay"
Everyone is angling to work with China UnionPay, the government monopoly card that is the only interbank card network in the country — buy MasterCard CEO Ajay Banga said today that his company is winning “90-plus%” of the business.
Rumor continue to churn out reports that Apple will build a payments system into the iPhone 6, which will likely be introduced in September, especially after last week’s Apple Worldwide Developers Conference, better known as the WWDC. The fact is the iPhone 6 rumor mill has kicked into overdrive. JustRead More