China Merchants Bank takes the lead in launching Apple Pay
China Merchants Bank takes the lead in launching Apple Pay

Not long ago, the news that Apple Pay officially entered China attracted great attention from iPhone users. Although Apple and China UnionPay jointly announced that Apple Pay would be launched in China, Apple did not disclose the specific list of cooperative banks or the launch time. On December 22, China Merchants Bank announced to be one of the first domestic banks to support Apple Pay through its official official account.


It is understood that on December 22, China Merchants Bank announced to be one of the first domestic banks to support Apple Pay through its official official account. China Merchants Bank said it would launch Apple Pay payment method to users as soon as possible. At that time, CMB all-in-one card and individual credit card holders with UnionPay logo will be able to add their UnionPay cards to iPhone, Apple Watch and iPad, making daily consumption more convenient and safe.


In addition, as can be seen from Apple's official website, cooperative banks basically cover all banks used daily. However, the specific launch time of major banks has not been announced.


In addition, CMB also said that when adding a credit card or debit card, the actual card number is neither stored on the device nor on Apple's server. However, the system will assign a unique Device Account Number device account, encrypt the account, and store it in a secure way in the Secure Element security chip on the device. Each transaction is authorized with a one-time unique dynamic security code. Any sign of UnionPay, flash payment or Apple Pay can be used for payment.

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Qiu Zhongkai
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