Description: Apple and Samsung are taking on China’s top payment service.

Source: CNN Money

Date: December 18, 2015

The two companies announced separate plans on Friday to offer payment services in China starting next year. Both firms have deals with state-owned bank card network China UnionPay.

Questions for discussion:

1. Do you think people will spend more money if it’s easier to complete online transactions?

2. Would you use this kind of application if it meant that fraudulent charges could be more prevalent?