Good news for mobile procurers in China. As, Samsung and Alibaba will conjoin for smart phone payments in China. Samsung will recover the Chinese market through this partnership.
Samsung and Alibaba will Conjoin for Smart Phone Payments in China:
Samsung has fought hard for its survival in the Chinese market. Now, today the Korean company has announced that they will do a partnership with the Chinese largest online payment system Alibaba. Samsung and Alibaba will conjoin for smart phone payments in China.
Samsung is known as the world top smart phone producer now it is going to launch its own payment system. This payment system will be known as Samsung pay. May be the company is trying to compete its competitor Apple which has recently launched its payment system Apple Pay.
As we know that Samsung and Alibaba will conjoin for smart phone payments in China. In addition to compete the Apple pay, Samsung is also losing its potential customers in China. This is because of the reason that Samsung is no longer in top five mobile companies in the country. Apple, Huawei and many other companies are taking over Samsung in China.
Alibaba has 450 million registered users. The company has launched an application which allows its users to pay offline. By the help of this partnership, Samsung will try to increase its market share in china. It is seen that Alibaba is also focusing on mobile market for the last few years. This is because its customers are using smartphones in order to search their products. People also prefer smart phones to make payments. Consequently, Samsung and Alibaba will conjoin for smart phone payments in China.
It will allow the users to pay without installing the application individually. As Alibaba has massive registered users. So, after this deal it will be difficult for other competitors to complete Samsung smart phones. Most probably, this deal will help Samsung in gaining its lost market share in China. The users will also use Samsung application which will increase the traffic on its application.
This partnership will allow the smart phone users a more proficient and competent application to make payments. According to the news, Samsung and Apple both signed contracts with the largest banking card association China union pay.
Conclusion:
According to the approach analytics, Samsung is losing its customers in China. So, in order to lift its smart phone sales in China, Samsung will launch its own compensation structure. It will increase its sales in the country. This is a positive step taken by the company. It will increase the application use as well as increase the customers. Samsung and Alibaba will conjoin for smart phone payments in China.
