Samsung launched its mobile payment service last year in South Korea and it seems that it has become quite popular worldwide. According to new information, the service is now available in three new countries and it managed $1 billion in transactions in South Korea alone.
Samsung made anand revealed that Samsung Pay was launched in three new countries, across three continents in three weeks. The new countries include Spain, being the first market in Europe to welcome Samsung’s mobile payment service.
The second market was Singapore, the first within the South East Asian region and the third market is Australia, the first market to launch within the Oceania region.
The launch of the service marked a significant milestone in Samsung Pay’s expansion worldwide. The company intends to make the service available in multiple other markets this year, including Brazil, Canada and the U.K.
Samsung Pay processed more than $1 billion in transactions in South Korea
Injong Rhee, CTO and EVP of Software and Services, Mobile Communications Business at Samsung Electronics stated that “Samsung Pay’s momentum is bringing us closer than ever to a world without wallets”.
Sincein South Korea, Samsung Pay managed to process more than $1 billion in transactions, making the service the preferred option for secure payments.
In addition, Samsung Pay is now supported by 300 major and regional banks and credit unions in the U.S. Samsung Pay also includes services such as gift cards, membership loyalty features and over 140 retailers participate in the program.
Samsung Pay is available on Galaxy S7, S7 Edge, S6 Edge+, Note5 and other premium and mid-range models.is also expected to reach Android and iOS devices this month. The service is said to be more fluent and perform like a digital wallet.