Samsung’s mobile payment service, Samsung Pay is showing signs of tremendous popularity as more than 80,000 credit or check cards have been registered in just five days after the service has been released. Sources inside the credit card industry claimed that on August 20 there were more than 10,000 credit cards or check cards that were registered on Samsung Pay, which was the launch date of the service.
Since that date the number of card registrations has been increasing rapidly and by 24th of August the number of credit or check cards reached 80,000. Even the credit card industry is thinking that Samsung Pay’s early popularity is quite encouraging. Well currently payment services like app cards or Universal Subscriber Identity Module (USIM- based mobile cards are only used online unlike Samsung Pay which has been developed for offline use.
In order for these USIM based mobile cards to work offline NFC-enabled terminals are needed but not many affiliated stores have them. According to experts Samsung Pay’s early success is due to the fact that it is very easy and convenient to use. This has been made possible due to the fingerprint identification method. Plus the service can even be used anywhere since it is based on magnetic secure transmission (MST) technology.
Apart from all these reasons the huge popularity of the Samsung Galaxy Note 5 and the Galaxy S6 Edge+ which support the Samsung Pay has also been cited as a favorable factor. More than 100,000 units of the two devices were sold in the four days following their release.
