HONG KONG, March 31, 2016 /PRNewswire/ -- China's first electronic payment enterprise, PayEase now supports payment through Apple Pay on Apple Store APP, providing more flexibility to consumers on mobile terminal transactions.
With immediate effect, mobile terminals on Apple Store APP officially support payments through Apple Pay in Mainland China, bringing a new payment platform of mobile purchases for consumers with the launch of Apple Pay.
Apple is well-known for innovation among high-tech enterprises and its products are well received in China. According to International Data Corporation (IDC) data, Apple's annual mobile phone shipments in China amounted to 58.40 million units, accounting for 13.4% of domestic market and becoming the best-selling single model smartphone. Apple Online Store (www.apple.com.cn) is Apple's China-based official online store that sells Apple hardware and peripheral products, supplying all kinds of products of Apple in China. Currently, the online store sells Apple products including Macbook series, iPod media player, iPhone and iPad. It is also Apple's main online sales channel in China where customers can purchase the latest Apple products. PayEase has been providing online payment solutions for Apple Online Store since 2010. With the additional payment channel of Apple Pay, customer will enjoy higher flexibility on mobile payment when shopping on Apple Store APP.
PayEase (Wechat Public Account: PayEase_Payment) was established in 1998, and is China's first cross-border, cross-banking payment platform offering a variety of multi-functional electronic payment services. The platform focuses on providing web and mobile internet based one-stop, customised electronic payment solutions for e-commerce vendors. PayEase has been partnering with Apple for more than 6 years, providing online payment solutions for Apple Online Store in China since 2010 and payment services for software downloads on iTunes Store since 2011. In 2016, PayEase becomes one of the first qualified service providers for Apple Pay and provides Apple Pay payment service for China's e-commerce enterprises. Apple Pay is a NFC-based mobile payment service released by Apple which aims to provide safe, convenient, private and brand-new payment experience for users of Apple mobile terminals that carries the Touch ID function.
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 covers 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.
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SOURCE PayEase (Beijing) Technology Ltd.