Samsung to partner with Alibaba on mobile payments in China

May 20, 2016 2:00 AM

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Samsung to partner with Alibaba on mobile payments in China

SEOUL Samsung Electronics said it had struck a deal with a Alibaba Group Holding for owners of its phones to be able to more 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 [ANTFIN.UL], has 450 million active registered users.

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