Apple Links Chinas UnionPay to App Store

The video discusses the potential partnership between Apple and Alipay, highlighting the significance of China UnionPay for Apple. It compares the payment cultures of China and the US, noting China's shift from a savings culture to a credit culture. The potential Apple-Alipay deal is explored, emphasizing the benefits of direct transactions without middlemen.

In what ways has the rise of a credit culture in China impacted consumer behavior?

What role does Alipay play in the transaction process between consumers and Apple?