Home Mobile Phones 1 Million People Now Use Samsung Pay in South Korea

1 Million People Now Use Samsung Pay in South Korea

 

samsung-paySamsung pay reaches another milestone when it snagged up 1 million users from the time it launched in South Korea. People of South Korea seems to embrace this service with open arms. The last time Samsung mentioned about Samsung pay was when it hit a $30 million worth transaction mark in South Korea.

This mobile payment service also launched into the U.S. recently and all the major carriers now support Samsung pay. Verizon initially was reluctant to support the payment system is now supporting the Samsung pay via a software update. Samsung pay is giving a tough competition to the other major player in the mobile payment system arena, apple pay and android pay. But Samsung is limited by the number of model that support for this service. As of now, the only compatible phones are the note 5, galaxy s6, s6 edge, s6 edge+.

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Other mid-ranged phones are to be launched with support for Samsung pay in future. The advantage for Samsung is that it can work on any credit card terminal and makes use of magnetic strip tech that will replicate your credit card. So, theoretically, Samsung’s payment system can work where apple and android paymwnt system fails. Apple pay for instance need a NFC terminal to make a payment that isn’t available everywhere.

A much needed success for Samsung on the failing mobile front.