Only this weekend! Samsung Discover deals! Galaxy S24 Ultra, Watch 6, Z Fold 5 or, Z Flip 5.

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Samsung’s partnership with CITIC could pave the way for Samsung Pay in China and Hong Kong

    Pay
    By 

    Last updated: May 10th, 2016 at 14:46 UTC+02:00

    Samsung Electronics VP Lee Jae-yong has met with CITIC Group Chairman Chang Zhenming in Beijing to discuss bilateral partnerships between the two companies. Lee Jae-yong was previously tasked with managing Samsung Electronics and now that the company has made a move in the financial industry with Samsung Pay he is involved in that part of the business as well. President of Samsung China Chang Won-ki, CEO of Samsung Securities Yoon Yong-am, Vice President of CITIC Bank of CHina Su Guoxin and General Manager of CITIC Securities Cheng Boming were also present at the meeting.

    Both companies have agreed to explore opportunities to enhance their partnership. This will be Samsung's first concrete cooperation with a global financial company as it seeks to make its mark with Samsung Pay. Recent reports have suggested that Lee Jay-yong has been meeting with executives from major players in the global financial sector to secure backing for the company's new payments service. Given that the CITIC Group is China's largest financial institution which happens to be state-owned, it could very well pave the way for Samsung Pay in China and Hong Kong.

    Via

    PayPhone SamsungSamsung Pay

    You might also like

    Change your Galaxy phone’s default mobile payment option

    Change your Galaxy phone’s default mobile payment option

    While some OEMs don't offer a virtual wallet solution for their phones, Samsung does. It's called Samsung Pay, and it's a part of the Samsung Wallet platform. However, Samsung Pay likely isn't the only mobile payment solution you can use on your Galaxy device. Google offers its own, predictably called Google Pay. Even if you […]

    • By Mihai Matei
    • 3 days ago
    Galaxy S25’s Snapdragon 8 Gen 4 is coming in October 2024

    Galaxy S25’s Snapdragon 8 Gen 4 is coming in October 2024

    At MWC 2024, Qualcomm’s Chief Marketing Officer (CMO), Don McGuire, announced that the company will unveil the Qualcomm Snapdragon 8 Gen 4 at the Qualcomm Snapdragon Summit in October 2024. Along with that, he also revealed that the Snapdragon 8 Gen 4 will feature the company’s custom CPU core, called Orion, which is also used […]

    • By Abid Iqbal Shaik
    • 3 weeks ago
    Samsung was second-biggest tablet brand in India in 2023, trails Apple

    Samsung was second-biggest tablet brand in India in 2023, trails Apple

    Samsung was the second-biggest tablet brand in India last year, according to the latest market research numbers. Apple led the tablet market in India despite higher-priced iPads, which says a lot about the popularity of iPads. However, Samsung did really well in the tablet segment last year. Samsung was a close second in India's tablet […]

    • By Asif Iqbal Shaik
    • 1 month ago
    MediaTek trying to steal Samsung from Qualcomm with juicy discounts

    MediaTek trying to steal Samsung from Qualcomm with juicy discounts

    Being the world's largest Android smartphone manufacturer means that Samsung ships an insane number of phones every year. If you could get one of your products into its devices that would certainly be a big win for your business. So it's hardly surprising to hear that MediaTek is offering Samsung a special discount on its […]

    • By Adnan Farooqui
    • 1 month ago
    Samsung Wallet gets RuPay credit card support for UPI payments

    Samsung Wallet gets RuPay credit card support for UPI payments

    Samsung has announced that Galaxy smartphone users in India who have the Samsung Wallet feature can now make mobile payments through UPI via their RuPay credit cards. This feature is now available on all smartphones that feature the ability to make mobile payments. Samsung Pay (Samsung Wallet) now supports UPI for linked RuPay credit cards […]

    • By Asif Iqbal Shaik
    • 2 months ago
    Global premium smartphone market to see record sales in 2023

    Global premium smartphone market to see record sales in 2023

    In a new analysis, Counterpoint Research expects the global premium smartphone market (devices priced USD 600 and above) to grow by 6% year-over-year (YoY) in 2023 and set record sales. In other words, the research firm expects the sales of premium phones in 2023 to be 6% higher than that in 2022. That means the […]

    • By Abid Iqbal Shaik
    • 3 months ago