MacDailyNews: Apple App Store now accepts payments in Chinese yuan

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Apple App Store now accepts payments in Chinese yuan Nov 18th 2011, 16:48 Nov 19, 2011 - 12:05 AM EST — AAPL: 378.03 (+0.62, +0.16%) | NASDAQ: 2570.49 (-17.50, -0.68%) Friday, November 18, 2011 · 11:48 am · 1 Comment "Apple Inc. is now accepting payment in Chinese yuan for users' App Store downloads, the company's latest move in what has become a key growth market," Owen Fletcher reports for The Wall Street Journal. "Customers of more than 20 Chinese banks can now make payments to an App Store account to buy games and other software applications for their iPhones, iPads and iPods," Fletcher reports. "The change makes it easier for users in China to pay for downloads. They previously needed a dual-currency credit card—a requirement that led many to either hack their iPhones in order to use applications from other sources, or make purchases in the App Store using false identities and fraudulent gift cards." Fletcher reports, "Apple is likely to sell "millions" more applications in China because of the change, though some users will still load pirated apps, said Duncan Clark, chairman of Beijing-based consulting firm BDA China Ltd." Read more in the full article here. [Thanks to MacDailyNews Reader "Lynn Weiler" for the heads up.] Categories: News Tags: App Store, Apple Inc., Chinese yuan, ios

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