From CNET: Samsung Pay has officially launched in the world's biggest smartphone market.
Samsung said Monday that its mobile-payments service is now available in China under a partnership with China UnionPay, the bank dominates the interbank payment business in China. The deal, announced in December, allows customers in China to add their credit or debit cards to the mobile-payments service.
"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," Injong Rhee, the global chief of Samsung Pay, said in a statement.
The ability to pay for goods via a smartphone has been around for years, especially in countries like China. But consumer interest in the concept got a jump-start in 2014 with the launch of Apple Pay, which enables owners of recent iPhones and Apple Watch to pay for items on the go via the wireless technology NFC (near-field communication).
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