Hungry for Chinese yuan, Apple now accepts currency for App Store purchases

Apple made a fundamental change with its payment policy today in China, as the company now accepts the yuan for all purchases made on the App Store. Previously, customers were required to hold dual-currency credit cards — merely to drop a couple dollars on Jet Car Stunts and the like — which turned a significant portion of iOS users to the jailbreaking community. The higher-ups in Cupertino hope its newly pronounced love for the yuan will help drive millions of additional app sales while bringing customers back into the company’s ecosystem. Currently, 20 Chinese banks are on board with Apple to help facilitate the shift, which certainly shouldn’t mind adding a few more yuan to their coffers.

[Chinese yuan photo via Shutterstock]

Hungry for Chinese yuan, Apple now accepts currency for App Store purchases originally appeared on Engadget on Sun, 20 Nov 2011 23:53:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/11/20/hungry-for-chinese-yuan-apple-now-accepts-currency-for-app-stor/

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