Samsung Pay hits 5m registered users
AMMAN, April 13, 2016
Samsung Electronics said Samsung Pay, a leading mobile payment service that works at the majority of merchants, has reached about five million registered users and processed more than $500 million in the first six months, showing a strong adoption rate in South Korea and the US.
It also demonstrated that users continue to increasingly use Samsung Pay in their everyday lives for its convenience, flexibility and security, said a statement.
Injong Rhee, executive vice president and head of Research and Development, Software and Services of Mobile Communications Business, said: “Since its introduction last year, Samsung Pay has changed the way people pay and use their smartphones.
“We’ve already seen significant consumer adoption and we continue to see great momentum. Our aim is to expand Samsung Pay to even more locations around the world, and our customers should expect to see more features in the year to come.”
This year, Samsung Pay will start global expansion beginning with China in March, followed by Australia, Brazil, Singapore, Spain and the UK later in the year.
Additionally, Canada will be added to the new launch roadmap. Samsung Pay is currently available on select Galaxy devices including S6, S6 edge, S6 edge+, Note5 as well as premium and mid-range options such as the 2016 models of both Galaxy A5 and A7.
Samsung Pay started its service in South Korea and the US last year, and now supports eligible credit and debit cards from more than 70 major and regional banks.
In addition to mobile payments, Samsung is partnering with BC Card, Hana Card, KB Kookmin Card, Lotte Card, NH Nonghyup Card and Samsung Card to provide a quick and easy online payment service in South Korea.
By adding this new service, consumers will be able to use the Samsung Pay Fingerprint Authentication to pay online. - TradeArabia News Service
