Increased use of the mobile payment solutions offered by industry giants such as Apple and Samsung will see the market grow some 38% this year, according to a Taiwan-based IT research firm.One of the main catalysts driving the increase is that firms including Apple and Alibaba are popularizing the service in China, said TrendForce.The group said that in 2016, the global mobile payment transactions will hit US$620 billion, up from US$450 billion last year.Last December, Apple and China UnionPay today announced a partnership to bring Apple Pay to the Middle Kingdom.The firms said China UnionPay's QuickPass and Apple Pay together will protect customer payment information through industry-leading payment tokenization technology. Security is at the core of Apple Pay, so when you add a credit or debit card, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in a dedicated chip called the Secure Element on your device. Each transaction is also authorized with a one-time unique dynamic security code.