China’s UnionPay Steps Into Mobile Payments In JV With UK Startup Powa

{rss:content:encoded} China’s UnionPay Steps Into Mobile Payments In JV With UK Startup Powa http://ift.tt/1RpA25b http://ift.tt/16uKYKy December 17, 2015 at 01:24AM  On the heels of reports that Apple Pay is gearing up for a February launch of Apple Pay in China, the country’s biggest credit card company has entered into a JV with a mobile payments startup out of the UK to take its own steps into smartphone-based transactions. UnionPay, the state-run company that controls debit and credit card payments processing in China, has inked a 10-year… Read More