Samsung Pay launches in China and Singapore

SINGAPORE — Samsung has announced a spate of mobile payments services in Asia, with the most fanfare given to its tap-to-pay Samsung Pay service opening in China. 

At the same time, Singaporeans will get a more limited — but certainly crucial part of the mobile payment picture — deployment, allowing them to tap and pay in buses and subway trains here.

Samsung's announcement is China is huge. It's about a month-and-a-half later than arch rival, Apple, in the world's largest smartphone market, and will allow users to pay at checkout counters that support China UnionPay, the country's interbank network, that has a reported 5 million contactless point-of-sale terminals in China. Read more...