China UnionPay has launched an online and mobile payment system, the first of its kind in the country. It can be used for transactions on the internet both domestic and international. The system also supports the Apple iOS, Android and Windows phone operating systems.
Using the system, customers log in and use their card numbers to pay for things. China UnionPay also has agreements in place for more than 60 other banks in the country to support the system. Feng Lin, an e-commerce expert with the China eBusiness Research Centre, said:
"It will take time to see whether China UnionPay's online payment is attractive to customers. And it also depends on how much the merchants will pay if they want to cooperate with China UnionPay."
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