Samsung Pay launches in China - Mobile World Live

Samsung Pay launches in China

29 MAR 2016
Samsung Pay

Samsung launched its payment service in its third market, China, in partnership with China Unionpay, the country’s dominant card network.

The South Korean vendor previously said it would debut in the country before the end of March, so has just made its own deadline. However, it trails the launch of rival Apple Pay by six weeks.

China is Samsung Pay’s third market after South Korea and the US.

Samsung Pay is available on the following high-end devices in China: Samsung Galaxy S7, Galaxy S7 edge, Galaxy S6 edge+ and Galaxy Note5. Mid-range models could be added in the future.

The service supports select credit and debit cards from nine banks: China CITIC Bank, China Construction Bank, China Everbright Bank, China Guangfa Bank, China Minsheng Banking Corp, China Merchants Bank, Hua Xia Bank , Industrial and Commercial Bank of China and Ping An Bank.

And there are more banks to come, the vendor said. Additional support for select credit and debit cards will come from six banks: Bank of China, Bank of Beijing, Bank of Communications, China Bohai Bank, Industrial Bank and Shanghai Pudong Development Bank.

Next up will be Australia, Brazil, Singapore, Spain and the UK later in the year for Samsung’s payment service.  Canada will be added to the roadmap, the vendor has said previously without being more specific.

Author

Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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