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Samsung Elec, Alibaba to team up on mobile payment systems

Samsung Elec, Alibaba to team up on mobile payment systems
May 19, 2016
SEOUL - Samsung Electronics and Alibaba Group Holding plan to announce a collaboration on mobile payment systems on Friday, South Korean media reported. Under the tie-up, Samsung Electronics plans to allow its smartphone customers to use Alipay, the online payment platform run by a unit of Chinese e-commerce giant Alibaba, media reports said on Thursday. A Samsung Electronics spokeswoman declined to comment. -Reuters
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