Samsung follows Apple into Chinese mobile payment market

Apple Pay opened in China last week; Samsung Pay will open there next month

Days after Apple extended its mobile payment service to China, Samsung Electronics has said it will follow suit.

Samsung Pay, already available in the US and South Korea, and will open in China next month. It will open for business in the UK, Australia, Brazil, Singapore and Spain later this year, with Canada to follow at a later stage, Samsung said Saturday.

Apple Pay is available in the U.S., U.K., Canada, Australia and, since Thursday, China.

Samsung's payment service has about five million registered users, who have spent an average of US$100 each through the service in its first six months, according to company figures.

Both companies' payment services only work with their latest phones. For Apple, that means the iPhone 6, 6s, 6 Plus and 6s Plus for both in-app and in-store payments, and a handful of recent iPads for in-app payments only. The Apple Watch, when paired with an iPhone 5 or later, can also be used for in-store payments. In Samsung's case, the service is primarily compatible with high-end models such as the Galaxy S6, S6 edge, S6 edge+ and Note 5, although it is also available on mid-range phones such as this year's Galaxy A5 and A7.

This year, Samsung Pay will work with four payment networks: American Express, MasterCard, Visa -- and now China UnionPay, the company said.

A deal with China UnionPay was the key to Apple's payment presence in China too: The company issues the vast majority of the company's billion credit and debit cards, of which there are over four billion in circulation.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags samsung

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Peter Sayer

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

David Coyle

Brother PocketJet PJ-773 A4 Portable Thermal Printer

I rate the printer as a 5 out of 5 stars as it has been able to fit seamlessly into my busy and mobile lifestyle.

Kurt Hegetschweiler

Brother PocketJet PJ-773 A4 Portable Thermal Printer

It’s perfect for mobile workers. Just take it out — it’s small enough to sit anywhere — turn it on, load a sheet of paper, and start printing.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?