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Users of Samsung Pay will also have the option of paying with
their Alipay accounts without having separately access the
Alipay application. Alipay, which is operated by Alibaba
affiliate Ant Financial Services Group [ANTFIN.UL], has 450
million active registered users.
Samsung, the world's top smartphone maker, launched its own
mobile payment system, Samsung Pay, in China in March, about one
month after Apple Inc launched Apple Pay.
But Alipay's dominant position has meant that it will be
difficult for any latecomers in mobile payments to gain
significant ground just on their own.
Samsung has been losing out to Chinese rivals Huawei
Technologies Co [HWT.UL] and Xiaomi Inc [XTC.UL] as well as
Apple and no longer ranks among the top five smartphone brands
in China, according to market researcher Strategy Analytics.
(This version of the story corrects the headline and text to
clarify that Ant Financial is an Alibaba affiliate)
(Reporting by Hyunjoo Jin; Editing by Edwina Gibbs)
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