May 19, 2016 / 12:52 AM / in a year

Samsung Elec, Alibaba to team up on mobile payment systems: media

SEOUL (Reuters) - Samsung Electronics and Alibaba Group Holding plan to announce a collaboration on mobile payment systems on Friday, South Korean media reported.

A man speaks on his mobile phone near a Samsung store in central Kiev, Ukraine, May 11, 2016. REUTERS/Valentyn Ogirenko

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

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