Order the just-launched Galaxy Fold7, Flip7, or Watch8 Classic – New deal Galaxy S25 Ultra
Last updated: May 10th, 2016 at 14:46 UTC+02:00
SamMobile has affiliate and sponsored partnerships, we may earn a commission.
Reading time: 1 minutes
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.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.
Trending
We'd like to show you notifications for the latest important news and updates