Taiwanese regulator, the Financial Supervisory Commission (FSC), has given permission for mobile payment and digital wallet Samsung Pay to enter the country's market, according to Lynn Chiu, director of Samsung Pay of Samsung Taiwan. Currently, Samsung's Galaxy S series, Note series and A series of smartphones rolled out in 2015 and later are able to support Samsung Pay, Chiu said, adding that since these models have enjoyed a warm reception in Taiwan, the company has faith that Samsung Pay will achieve its goal of grasping the largest share in Taiwan's mobile payment market. Samsung is keen to grasp a large share of a potentially lucrative market, where only 26% of payments were made by mobiles. The move comes as Apple prepares its own entry into China, which could be announced in September.
Taiwanese regulator, the Financial Supervisory Commission (FSC), has given permission for mobile payment and digital wallet Samsung Pay to enter the country's market, according to Lynn Chiu, director of Samsung Pay of Samsung Taiwan. Samsung is keen to grasp a large share of a potentially lucrative market, where only 26% of payments were made by mobiles. The move comes as Apple prepares its own entry into China, which could be announced in September.