China Merchants Bank becomes the first one to support Apple Pay

Apple announced that Apple Pay will be bringing into Chinese market days ago. It worked with China UnionPay and 15 mainstream Chinese banks. The specific details of the banks will be revealed soon.

CMB

CMB officially announced that it will support Apple Pay that a new mobile payment mode with speediness and safety.

It is said that users who carry CMB deposits card or credit cards marked with UnionPay, they would add their bank cards to iPhone, iPad, Apple Watch to full enjoy the Apple Pay service.

CMB stressed that security and privacy are the cores of Apple Pay. When the users add the credit cards or deposit cards on their devices, their banking details won’t be stored on the devices or Apple server.

In fact, the banking details will be distributed to a Device Account Number, and save into a Secure Element chip after being encrypted. It notifies the one-off, unique dynamic security code for authorization.

Apple Pay is available on iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, and Apple Watch among the retail stores that support this service.

Among the applications to use Apple Pay for payment, it is supported by iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPad Air 2, iPad mini 3, iPad mini 4 and iPad Pro.

It seems that there will be more banks join the Apple Pay service. Time will tell us all.

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