Apple Pay to enter Chinese market

Apple Pay is gearing up to enter the Chinese payment market this year.

Apple has reportedly reached a deal with China's bank card operator China UnionPay to allow Apple Pay to link to UnionPay cards.

China Construction Bank is expected to allow fingerprint payment through Apple Pay for iPhone users in China.

Apple pay will face strong competition with Alipay, China's largest third-party online payment platform.

Apple's CEO says getting Apple Pay working in China is a major priority.

But it's still unclear whether the product meets the regulatory requirements for commercial operation in China.

Apple Pay was launched for commercial use in the US last October.