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LequteMan
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Samsung Electronics has announced that it had struck a mobile payment deal with Alibaba Group Holding. Under the deal, owners Samsung phones will be able to easily make payments with Alipay accounts - a move it hopes will boost sales in the world's biggest smartphone market.
Users of Samsung Pay will also have the option of paying with their Alipay accounts without having separately access the Alipay application. Alipay, which is operated by Alibaba unit Ant Financial Services Group, has 450 million active registered users.
Samsung has been losing out to Chinese rivals Huawei Technologies Co and Xiaomi Inc as well as Apple and no longer ranks among the top five smartphone brands in China, according to market researcher Strategy Analytics.
Users of Samsung Pay will also have the option of paying with their Alipay accounts without having separately access the Alipay application. Alipay, which is operated by Alibaba unit Ant Financial Services Group, has 450 million active registered users.
Samsung has been losing out to Chinese rivals Huawei Technologies Co and Xiaomi Inc as well as Apple and no longer ranks among the top five smartphone brands in China, according to market researcher Strategy Analytics.
