It was just a matter of time before Samsung Pay would enter the $1 Trillion Mobile Market – i.e. China. Apple Pay recently launched in China (about a month back. Read this excellent article by the Telegraph).
Samsung which has a pretty strong presence in Asia, because of its low cost phones and a huge variety of models, sees the China market as a must-enter arena… which it has.
However, Samsung Pay is only available on its top end phones, there are rumors that Samsung might come out with a much more economical line that enables Samsung Pay (which would make sense), given the competition it faces from Apple and the incumbent Chinese wallet players.
Expect Samsung to ring up good numbers in China.
This comes about a month after Apple Pay arrived in China.
Source: Samsung Pay launches in China