Samsung Electronic KRW5000, Alibaba Group Holding Ltd Team Up on Mobile Payments

The companies are working together with Alipay and Samsung Pay

Samsung Electronic KRW5000 (SSNLF) and Alibaba Group Holding Ltd (BABA) are teaming up on mobile payments in China.

Samsung Pay, Alibaba, Mobile Payments, Alipay, SSNLF, BABA
Source: Samsung

The agreement will allow the company to expand its Samsung Pay service in China with the help of Alipay. It will allow users of the service to make payments anywhere they could swipe or tap a card.

The combination of Alipay and SSNLF’s payment services will allow users of the former’s to register their accounts with Pay. This will allow them to bring up a bar code or QR code on their SSNLF devices to be scanned by a cashier.

Alipay users in China can access Samsung Pay with their Galaxy S7, Galaxy S7 edge, Galaxy S6 edge+, Galaxy Note5, 2016 Galaxy A5, 2016 Galaxy A7, 2016 Galaxy A9 and Galaxy A9 Pro devices.

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Article printed from InvestorPlace Media, https://investorplace.com/2016/05/samsung-pay-alibaba-mobile-payments-alipay-ssnlf-baba/.

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