NFC Times Exclusive Insight – Samsung’s announcement today of its move into China with Samsung Pay helped the OEM make good on its objective of launching in China by the first quarter, though the launch has happened well after rival device makers Apple and Huawei launched their own mobile payments services in China.
Samsung today announced the launch with China UnionPay, China’s large bank card network, which is likely providing tokenization and perhaps also provisioning of credit and debit cards for banks participating in the launch.