Take that, Apple. Samsung Pay may not be available in the United Kingdom yet, but it’s rapidly expanding its reach in China in a March deal with UnionPay, the world’s largest credit card network, and now through a new deal with Alipay. The Seoul-based electronics company announced the deal today. Alipay’s 450Read More
Post Tagged with: "UnionPay"
Samsung Pay became the latest mobile payments platform to enter China, the South Korean tech giant announced today. The move was made in partnership with China UnionPay, the sole interbank ATM network and primary card issuer in China. If you’re doing card business in China, in other words, you’re doing itRead More
Swatch, the world’s largest watchmaker by marketshare, introduced — in China, mind you — a payments-focused wristwatch today. The new Swatch Bellamy offers a shot in the arm to wearables payments. Swatch is, after all, the poster child for mass market watches with 18% marketshare. If this watch can contain payments functionality,Read More
China‘s reported push back today against Apple’s entry into the Mainland’s payments space is nothing more than “optics” for negotiation purposes, a payments source close to Apple told Bank Innovation. “This is classic China negotiations — the agreements were signed months ago,” the source said. “This is a way toRead More
UnionPay cardholders — everyone with a payment card in China — can now use their cards to make payments in Apple’s App Store. With 100 million iPhone users, China is the iPhone’s leading growth market, and Tim Cook has repeatedly stated this is where he sees Apple’s greatest opportunities lying.