Visa will enable cardholders in Mainland China to add their Visa cards from participating banks to Apple Pay, and make payments at overseas Visa-accepting merchants, in-store, in-app and online, the world leader in digital payments announced Thursday.
The first batch of supporting issuing banks includes Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, Bank of Communications, China Merchants Bank, China CITIC Bank, Ping An Bank and Industrial Bank.
“Visa is increasing its investments in data and payment security, launching tokenization services and taking the lead in enabling their use in cross‑border scenarios. We are delighted to work with Apple and financial institutions to bring cardholders in Mainland China a safer and more convenient new mobile payment experience," said Yin Xiaolong, general manager at Visa Mainland China.
Visa and Apple are working closely with more banking partners, including Shanghai Pudong Development Bank, China Construction Bank, China Minsheng Bank and China Everbright Bank, and related features will be rolled out in the future.
