Jing Ji Guan Cha Wang·2026-01-15 04:27Core Viewpoint - China Merchants Bank (CMB) has announced support for binding its Visa credit card to Apple Pay, enhancing the payment experience for cardholders both domestically and internationally [1] Group 1: Payment Functionality - CMB credit cardholders can use Apple Pay for payments at various locations, including physical stores, mobile apps, and online websites, facilitating convenient transactions for Chinese travelers abroad [1] - The payment process is simplified, requiring only two button presses on the iPhone or Apple Watch for in-store payments, ensuring a contactless experience [1] - Online payments can be made quickly without the need to create accounts or repeatedly enter personal information [1] Group 2: Security and Privacy - Apple Pay emphasizes security and privacy, with actual card numbers not stored on devices or Apple servers; instead, a unique Device Account Number is generated and securely stored [2] - The secure element chip is designed specifically for safe storage of payment information, adhering to industry standards [2] Group 3: Easy Setup - Adding the CMB Visa credit card to Apple Pay is straightforward, requiring users to open the Wallet app on their iPhone and follow prompts to add the card [3] Group 4: Instant Use for International Payments - CMB has introduced a feature allowing cardholders to apply for a Visa international credit card through the mobile app, enabling immediate activation and use with Apple Pay while traveling [5] Group 5: Rewards and Benefits - Cardholders retain the same rewards and benefits as with the physical card, plus exclusive offers for using Apple Pay, including 1% cashback on overseas transactions [6] - Additional benefits include a currency exchange subsidy and various promotions for travel and international living scenarios [6]