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    News in brief

    CUP moves to block Alipay

    News in brief

    China UnionPay (CUP), the country’s official card payments network, has issued notifications to its member banks to tell them “to avoid working with third-party payment services like Alipay”, Want China Times reports. Alipay now has a 50% market share in China, the report adds, while CUP has an 11.9% share. Apple, which today added CUP cards as a payment option to its App Store, has been reported to be in talks with China UnionPay and also with Alipay about partnering to bring Apple Pay to China.

    Filed by Email Sarah Clark nfcworld.com Published • Last updated 17 November 2014, 16:33

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