Apple accepts Chinese Yuan in App Store - Mobile World Live

Apple accepts Chinese Yuan in App Store

21 NOV 2011

Apple is now accepting payment in the Chinese currency for purchases made via its App Store, reports the Wall Street Journal. Customers of more than 20 Chinese banks can now make payments to their App Store account using Yuan.

Chinese customers previously had to use dual-currency credit cards to make purchases on the App Store, despite the company opening a Chinese-character App Store and retail stores in the country. The move to accept Yuan should boost downloads in the country.

Apple’s Chinese revenues rose to more than US$13 billion, 12 percent of total revenues, in its fiscal year ending in September. It was slightly more than US$3 billion for the previous year.

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Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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