ABC among the First to Support Apple Pay

On February 18, Agricultural Bank of China Limited (ABC) launched Apple Pay service together with China UnionPay and Apple, becoming one of the first banks supporting Apple Pay. Apple Pay service stores the credit card information in the security module of Apple device based on the payment token technology, enabling functions like over-the-air card issue, instant activation, NFC and online payment. The customer can enjoy the convenient and safe payment service by making card-waving payment with an Apple device in the merchant with Quick Pass.

Apple Pay represented another innovation of ABC to develop internet finance and improve the customer's card experience. In recent years, ABC accelerated the development of "fingertip" credit card products, in a bid to boost the customer experience. With Android HCE Quick Pass launched by ABC being widely favored by the market, Apple Pay service would bring more value-added services and help ABC sharpen its competitiveness in the mobile payment area.
It is reported that ABC has launched many payment products such as variable code payment, barcode payment, mobile POS, electronic signature. Currently it is cooperating with China UnionPay and other card organizations to launch the flash service in the mobile payment product with signature-free and password-free for small-value payment. Then, the customer can enjoy the flash payment with mobile phone in restaurant, supermarket, scenic spot, gas station etc. In this way, ABC will establish a credit-card-based mobile payment ecosphere cross different industries and areas between card issuers and handlers.