December 18th, China UnionPay and Samsung Electronics announced a partnership with Pay Samsung, will be the first to provide a security chip based Pay Samsung service on the latest Samsung mobile devices in the Chinese mainland area of China UnionPay card holders. UnionPay card holders using Pay Samsung, will be able to enjoy convenient, secure mobile payment experience.
Chai Hongfeng, executive vice president of China UnionPay, said: "the rapid development of mobile payment industry, China UnionPay is committed to opening up and cooperation with the industry parties, to provide consumers with more security, convenient products and services. China UnionPay and Samsung Electronics cooperation, will combine the advantages of both sides in the field of mobile terminals and payment, to bring innovative mobile payment experience for consumers, and further expand the user coverage of the cup cloud flash pay."
RHEE INJONG, vice president of Samsung Electronics, said: Pay Samsung through technological innovation to expand the coverage of mobile payment applications, through a simplified process to optimize the user experience, the use of multiple protection mechanism to protect the safety, so that consumers enjoy more convenient, more secure mobile payment experience. Through cooperation with China UnionPay, and to get China UnionPay card issuers in the front of many banks to support, there will be more mobile payment service users to enjoy mobile payment services to bring security and convenience."
China UnionPay and Samsung Electronics cooperation, through mobile applications Pay Samsung, UnionPay card holders will be able to use their own credit cards and debit cards in Pay Samsung. SamsungPay has three characteristics of simple, easy to use, wide coverage, high security. First, whether the lock screen or a black screen, the user can directly from the screen under the direction of sliding fingertips, out of UnionPay card payment, the operation is very simple. Secondly, Pay Samsung can be in the vast majority of POS terminals in China, including UnionPay cloud flash payment (QuickPass), covering the vast majority of line stores. Third, security, through cooperation with China UnionPay, the application of fingerprint identification, payment mark (Token), KNOX software protection and other three protection technology, Pay Samsung provides users with a safe and reliable transaction protection.
Pay Samsung related products and technologies to strictly follow the Chinese national and financial industry mobile payment standards, and in accordance with the relevant Chinese regulatory authorities to complete the relevant testing and certification, after the official opening of the China UnionPay card holders of this service, is expected to be the fastest in the beginning of 2016.
The future, Chinese, Samsung Galaxy S6 edge, Galaxy Note5 users will be able to use mobile phone software upgrade through the Samsung Pay client, and through the verification of UnionPay card information can be made one mobile phone with UnionPay card "". Pay Samsung future will further enrich the product features, and get more support for Samsung models.