Alipay strikes deal with Samsung Pay in China
A deal between Samsung and Alipay (Alibaba’s payments division) will make the pair the biggest provider of mobile payments in China. Apple had hoped to strike a deal but has been trumped in what’s a big win for Samsung Pay.
Fan Zhiming of Alipay says: “Alipay covers the vast majority of online payment use cases. At the same time, it also developed a variety of offline use cases, including restaurants, supermarkets, convenience stores, taxis, hospitals and public services. The technology integration facilitated by this partnership with Samsung Electronics will make the payment process faster and more convenient when users make payments at stores where Alipay is accepted.”
Right now Samsung Pay is available on the Samsung Galaxy S7, Galaxy S7 edge, Galaxy S6 edge+, Galaxy Note5, Galaxy A5(2016), Galaxy A7(2016), Galaxy A9(2016) and Galaxy A9 Pro in China.