Samsung Electronics, Alibaba to team up on mobile payment systems - media

Reuters

SEOUL (Reuters) - Samsung Electronics <005930.KS> 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. (Reporting by Hyunjoo Jin; Editing by Richard Pullin)