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Subject: Samsung Electronics Co Ltd has struck a partnership with Chinese payment service Alipay, to expand Samsung Pay in the world's largest smartphone market
Excerpt: English text from the archived bilingual edition · Chinese edition
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Samsung Electronics Co Ltd has struck a partnership with Chinese payment service Alipay, to expand Samsung Pay in the world's largest smartphone market
Currently Alipay is a separate app on the devices. When customers pay, they need to open the Alipay app, then scan a QR code provided by the retailer
But Samsung Pay users are now able to link to their Alipay accounts and access to Alipay's QR codes to make payments, without separately opening the Alipay app
Samsung officials hope that by using Samsung Pay more directly, it will increase the popularity of the South Korean company's payment technology in China as it battles US rival Apple Inc
Run by Alibaba Group Holding Ltd's finance arm Ant Financial, Alipay is by far China's largest payment service with 450 million active registered users
"The cooperation with Alipay provides us with a new application scenario, and also offers a more 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
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