November 26, 2015 12:07
Samsung plans to introduce its mobile payment system in China next year.
Samsung Pay will be available on premium Galaxy handsets as well as budget models favored by Chinese consumers. Talks are ongoing with Chinese banks and payment processor Union Pay.
Samsung is looking to stay ahead of Apple, which plans to launch Apple Pay in China on Feb. 8, as reported by The Wall Street Journal. Apple Pay can be used on the iPhone 6 and iPhone 6S.
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