At the iPhone event last week Apple showed off its new payment solution that we had heard rumors about a couple of months back. The new service is called ApplePay and it uses NFC, the service is compatible with iPhone 6, iPhone 6 Plus and the Apple Watch. For obvious reasons this service is not compatible with any other existing iOS device. A new report out of China suggests that ApplePay might be launched in the People’s Republic as well with a partnership with UnionPay. Caixin reports that Apple has reached a deal with UnionPay which will allow its service to use the company’s cards. UnionPay is a bank card behemoth in China and it happens to be state-backed, which means that a tie-up with UnionPay is going to open up ApplePay to millions of potential new users.