Samsung ties up with Alibaba’s Alipay for mobile payments in China

Samsung has brokered a deal with Alibaba for a partnership with its mobile payments arm Alipay.

The deal means the two will work together, allowing people to use Alipay to transact using their Samsung phones in and outside China.

The deal is widely reported to be a big play for Samsung, which was once the top selling phone brand in China but has since slipped behind competition such as Huawei and Xiaomi.

Alipay is the biggest online payment firm in China, with Tencent’s WeChat coming in behind, and so opens up a viable option for many Chinese people that want to pay using their mobile phones.

According to the Wall Street Journal, some 58 per cent of all online transactions are handled by Alipay in China. With many people moving to mobile transactions and using their phones to pay for transactions in-store, this could also be a coup for Alipay.

According to the same report, some 358 million Chinese consumers are already transacting via their smartphones, making it one of the most advanced markets for mobile commerce in the world.

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