A month after rival Apple Pay entered the Chinese market, South Korean tech giant Samsung announced on Friday that its mobile payment service, Samsung Pay, would launch in mainland China this coming March, reports ECNS News.

Samsung Pay would work with credit and debit cards from China's premier banks, including the Industrial and Commercial Bank of China, China Construction Bank, China CITIC Bank and China Guangfa Bank. Public testing of the service would also be initiated within the week.

The Asian superpower is not the only country that Samsung Pay would expand to this year with the tech giant announcing that it would also be offering its Pay services to Australia, Brazil, Singapore, Spain and the U.K. later this year, reports The Associated Press through Yahoo! News.

Canada is yet another market in which Samsung could offer its mobile payments service to, though the company has been quite mum about the timeframe for the country's release.

Samsung's mobile payments service is quite new to the market, with the service launching only last year. However, the tech giant has embarked on an aggressive marketing and advertising campaign for the service, in an attempt to gain a wide user base, reports Android Headlines.

Samsung has announced that its Samsung Pay service generated about $500 million in transactions from its 5 million registered users. If the company could generate that much from only two countries, the U.S. and South Korea, there is a good chance that Samsung would be able to generate much more once it expands to even more markets.

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