No cash, no cards: Woori, Samsung take mobile payments to China, beyond

What happened: Woori Bank and Samsung Electronics expanded Samsung Wallet Money so Korean travelers can pay abroad without cash, cards, or a separate app, using WeChat Pay QR in China and Mastercard contactless payments elsewhere. Key numbers: 3 million users in South Korea. Why it matters: The China rollout follows a three-way agreement with Tencent, letting users pay at WeChat Pay merchants without registering for a separate Chinese payment service. Woori and Samsung plan to expand to more countries and local payment partners starting next year.

Woori Bank and Samsung Electronics expanded Samsung Wallet Money so Korean travelers can pay abroad without cash, cards, or a separate app, using WeChat Pay QR in China and Mastercard contactless payments elsewhere.

The China rollout follows a three-way agreement with Tencent, letting users pay at WeChat Pay merchants without registering for a separate Chinese payment service. Woori and Samsung plan to expand to more countries and local payment partners starting next year.