Samsung partners with four major U.S. banks for Samsung Pay

Samsung Electronics said Friday that it has reached an agreement to include U.S. bank Wells Fargo in its mobile payment platform, Samsung Pay. Previously, Samsung had signed similar deals with three other major U.S. banks -- Bank of America, Citibank and Chase Bank.

Since its launch in South Korea in August 2015, Samsung Pay has made a foray into the U.S. market. Currently, it has a combined five million members in the two countries, with the accumulated transactions reaching 500 million U.S. dollars.

Samsung also plans to start its mobile payment service in China this month, before expanding to Australia, Brazil, Singapore, Spain, Britain and Canada.

Apple, the U.S. technology giant, also launched the Apply Pay system in China last month for the first time in Asia, after starting the service in the U.S., Britain, Australia and Canada.

김지현기자 jhk85@donga.com