Apple launched its Apple Pay payment service in China last month, and now, Samsung Pay is set to launch on the mainland too. Last year, 620 million people in China, or 90 percent of the nation’s Internet users, used smartphones to access the World Wide Web. With the development of mobile payment services, how will the arrival of Samsung Pay impact the market in China? Can Samsung and Apple compete with rivals like Alipay, which already has more than 300 million registered users? Both Samsung and Apple cooperate closely with Chinese banks. Is this a good opportunity for banks to regain market share from third-party payment services? Join us for a chat about the future of mobile commerce in China, with Mr. Jay Huang, former Managing Director of Intel China; and via satellite, Mr. Max Fraad-Wolff, Professor of Economics from the New School University of New York.
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