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

Reuters

SEOUL (Reuters) - Samsung Electronics and Alibaba Group Holding (BABA.N) 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)