Samsung pay has been just launched on a pilot phase in the Taiwanese market this month. This comes right after the launch of Apple pay in the month of March. The two leading smartphone vendors together held more than 40% of the smartphone market share in 2016, per our report available here from the Handset Country Share Tracker (HCST) Service.

Samsung’s payment service would be supported by its top end Galaxy S, Note and A series smartphones. The vendor has tied up with seven banks in Taiwan to include Taipei Fubon Bank, Taishin International Bank, Union Bank of Taiwan, E.Sun Bank, Citibank, Standard Chartered and Cathay United Bank.