Earlier today we heard that Apple was bringing Apple Pay to China with Union Pay in 2016 and now Samsung has announced another deal with Union Pay which will see Samsung Pay launch in China next year.
Samsung Pay will launch in China in 2016, the service will be available on Samsung’s latest devices which include the Galaxy S6 range and the Galaxy Note 5.
Injong Rhee, Executive Vice President at Samsung Electronics said, “With technological innovation, Samsung Pay expands the usage of mobile payments. It simplifies the procedure for better user experience, and adopts multi-layered protection to ensure security, allowing easier and safer mobile payment experiences. The collaboration with China UnionPay, coupled with the support from major UnionPay partner banks in China, will bring this secure and easy-to-use mobile payment solution to more Samsung mobile users.”
Chai Hongfeng, Executive Vice President of China UnionPay, said: “With the rapid development of the mobile payment industry, China UnionPay is committed to open cooperation with other parties in the industry to provide more secure and more convenient products and services for consumers. This cooperation between China UnionPay and Samsung will combine the strengths of the former in payment and the expertise of the latter in mobile terminals to jointly create brand new mobile payment experience for consumers, and to further expand the user base of UnionPay QuickPass brand. ”
You can find out more details about Samsung Pay launching in China over at Samsung’s website at the link below.
Source Samsung
