PayEase Now Supports Apple Pay in China

Feb 29, 2016, 04:34 ET from PayEase

HONG KONG, Feb. 29, 2016 /PRNewswire/ -- China's leading independent third-party payment platform, PayEase now supports business apps that accept payment through Apple Pay, a brand new, fast and secure mobile payment option.

With the launch of Apple Pay, there will be more consumers using this platform for the payment of mobile purchases. As a partner, PayEase will provide integrated payment solutions for vendors using Apple Pay, and rapidly open up payment channels to accepting this platform. Using an iPhone, Apple Watch and iPad in replacement of traditional bank card forms of payments will become a new, convenient and contemporary shopping experience.

Security and privacy are core to Apple Pay. When adding a credit or debit card, the actual card number is neither stored on the device nor on Apple's servers. The accounting system assigns a unique Device Account Number that is encrypted and secured to safely store the information in the Secure Element security chip. Every transaction uses a unique, one-time dynamic security code for authorisation.

Mr Kino Kwok, General Manager of PayEase, said, "We strongly believe that Apple Pay will become widely used and are very happy to support merchants accepting this more secure and convenient new payment platform."

Apple Pay's settings are fairly simple, users can continue to reap the benefits and privileges provided by credit and debit cards. At supporting vendors, Apple Pay can be used through iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus and Apple Watch. In the app, Apple Pay makes online purchasing easier, without having to complete lengthy account forms or repeatedly enter shipping and billing information, as payments can be made by fingerprints through Touch ID. When making payments for products and services in the app, Apple Pay is suitable for iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPad Air 2, iPad mini 3, iPad mini 4 and iPad Pro.

About PayEase

PayEase was established in 1998, and is China's leading cross-border, cross-banking payment platform offering a variety of multi-functional electronic payment services. The enterprise is focused on providing web and mobile internet based one-stop, customised electronic payment solutions for e-commerce vendors. The PayEase platform is an open system, in addition to 23 Chinese national central banks and China UnionPay payment system, it also accepts foreign bank cards within the members of the international credit cards issued by banks (outside bank card organization including: VISA, MasterCard, AE and JCB, etc.). It currently supports the largest number of bank cards in the region, and cover the widest range of electronic payment platforms. The enterprise has received the "Payment Business License" issued by the People's Bank of China" and the "Cross-border E-commerce Foreign Exchange Payment Services License" from the State Administration of Foreign Exchange, and can provide cross-border clearing and settlement services for international electronic vendors.