Samsung launched its contactless payment service Samsung Pay in China just a couple of months ago, but now the service is being expanded within the region thanks to a new partnership with Ant Financial Services Group.
Ant Financial Services Group is the parent company of Alipay, the largest third-party processing service within China. There are over 450 million Alipay users, and this partnership will give these users the ability to pay with Samsung Pay in over 600,000 outlets across China as well as another 60,000 stores outside of the country.
Now, there’s no telling how many users will use Samsung Pay despite its availability. After all, Samsung Pay can only be used on select Samsung smartphones, such as the Galaxy S7, S7 Edge, S6 Edge+, Note 5, and the 2016 models of the Galaxy A5, A7, and A9. On top of that, Samsung doesn’t have nearly as large as a presence as brands like Huawei and Xiaomi in the region.
On top of that, setting up Samsung Pay with this partnership is a tad bit more difficult, as Alipay users will have to register their account within Samsung Pay. Either way, Samsung is excited to be working with Alipay and anticipates a lot of success.
“We are excited to be working with Alipay to expand Samsung Pay services in China,” said Injong Rhee, EVP and Head of R&D, Software and Services of Mobile Communications Business at Samsung Electronics. “The reception of Samsung Pay since its launch has been extremely positive and the service has already seen tremendous success in terms of availability and adoption by consumers. We ultimately want to make Samsung Pay available to as many consumers as possible around the globe, so that everyone can have the opportunity to enjoy the simplicity, safety and convenience of this mobile payment solution.”
Have you used Samsung Pay or any other contactless payment service? What do you think of it? Let us know in the comments below!