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Samsung, Alibaba to team up on mobile payment systems

Thursday 19 May 2016 00:40 CET | News

Samsung Electronics and Alibaba Group plan to announce a collaboration on mobile payment systems, South Korean media reported.

Samsung Electronics plans to allow its smartphone customers to use Alipay, the online payment platform run by a unit of Chinese ecommerce company Alibaba. More than that, the company faces an uphill battle to capture the market with stiff competition from Apple and Google with their offerings Apple Pay and Android Pay already present.

The main problem to capture the market is the geo-limitation put by all the companies. Most of the payment services from Apple, Google and Samsung are limited to a handful of countries.

The limited reach of such services hinders widespread adoption of the services. Samsung is hoping to gain traction in the growing Asian Market with this deal with Alibaba.


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Keywords: Samsung, Alibaba, mobile payment, Alipay, Samsung Pay, mobile wallet
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce






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