[New post] Samsung Pay coming to China as company signs deal with card-processor UnionPay

Ben Lovejoy posted: " Samsung Pay will be available in China "as soon as early 2016" after the company signed a deal with card-processor UnionPay. The deal was an essential step as UnionPay has a monopoly on payment terminals in China. Apple yesterday announced its own dea" Respond to this post by replying above this line New post on 9to5Google Samsung Pay coming to China as company signs deal with card-processor UnionPay by Ben Lovejoy Samsung Pay will be available in China "as soon as early 2016" after the company signed a deal with card-processor UnionPay. The deal was an essential step as UnionPay has a monopoly on payment terminals in China. Apple yesterday announced its own deal with the company for Apple Pay. Injong Rhee, Executive Vice President at Samsung Electronics said, "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." The deal will allow Samsung Pay users to use both swipe and contactless payment terminals, but there is still some red-tape to overcome first ... Read more of this post Ben Lovejoy | December 18, 2015 at 5:33 am | Tags: Apple Pay, China, China UnionPay, Samsung, samsung pay, Samsung Pay China | Categories: Android | URL: http://wp.me/p1w6tN-xbQ Comment    See all comments Unsubscribe to no longer receive posts from 9to5Google. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://9to5google.com/2015/12/18/samsung-pay-china/ Thanks for flying with WordPress.com