Smartphones battle web giants for China payments

Mobile payment battle heats up: With UnionPay, iPhone and Galaxy owners in China will be able to use and manage local credit and debit cards through Apple Pay or Samsung Pay (pic) apps.

HONG KONG: Smartphone markers are squaring up to Internet giants in the battle for China's US$2tril (RM8.77tril) mobile payments market. Apple and Samsung have teamed up with state-owned UnionPay to take on web groups Alibaba and Tencent. 

UnionPay's card network and technology could give the new alliance an edge.