Apple And Samsung Are Taking On Alipay In China

Apple And Samsung Are Taking On Alipay In China

Apple and Samsung will be competing against China’s undisputed market leader: Alipay, which handles the vast majority of the payments made on e-commerce giant Alibaba’s (BABA, Tech30) marketplaces.

Apple and Samsung are trying to tap a huge market, where the number of people making online payments in China “ballooned to 358 million this year from 304 million last year.”
“Both Apple (AAPL, Tech 30) and Samsung are expected to roll their services in China in early 2016.”

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