Mobile payment win-win co-operation Samsung announced Pay and Pay treasure to cooperate!
July
www.diecastingpartsupplier.com
2016-05-27 18:29:32
Samsung Electronics Co Ltd has struck a partnershipwith Chinese payment service Alipay, to expandSamsung Pay in the world's largest smartphonemarket.
Currently Alipay is a separate app on the devices.When customers pay, they need to open the Alipayapp, then scan a QR code provided by the retailer.
But Samsung Pay users are now able to link to theirAlipay accounts and access to Alipay's QR codes tomake payments, without separately opening theAlipay app.
Samsung officials hope that by using Samsung Pay more directly, it will increase the popularityof the South Korean company's payment technology in China as it battles US rival Apple Inc.
Samsung Pay was launched in China in March, a month after Apple Pay.
Run by Alibaba Group Holding Ltd's finance arm Ant Financial, Alipay is by far China's largestpayment service with 450 million active registered users.
"The cooperation with Alipay provides us with a new application scenario, and also offers amore efficient payment method for users who are accustomed to Alipay," said Wang Tong,president of Samsung Electronics' product strategy and R&D in China region.