Samsung Pay has launched today in China trying to get a better position from its rival, Apple Pay and Alipay. Shoppers who use Samsung smartphones compatible with the company's newly launched mobile payment service will be able to pay for their purchases even without using a debit or credit card.
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Square reported a widened loss during the fourth quarter of 2015 as transaction expenses and other related costs burdened its balance sheet. The company reported a 49% increase in quarterly revenue.
