0
Wireless

Samsung Pay off to a good start in South Korea

Friday 4 September 2015 | 17:09 CET | Author: Marion ter Welle | Background
Samsung's new payment service, Samsung Pay, has reportedly started very well with over 80,000 registrations in the first week of launching. Its popularity is mostly thanks to the simple way of using it with fingerprint identification as well as the fact that it can be used with both NFC and magnetic strip terminals. It was launched in South Korea on 20th of August and will go live in the USA on 28th September, with the UK, China and Spain to follow thereafter.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Apple / First Data / Google / MasterCard / Samsung / Visa
Countries: Europe / Korea, Republic of / United Kingdom / United States
::: add a comment
This article is part of dossier

NFC


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Korean industry players to create mobile ID certification system

Published 16 Jul 2019 17:46 CET | Korea, Republic of
A South Korean consortium of three financial services firms, three mobile carriers and a technology giant created a business ...

Chase Pay links to Samsung Pay

Published 30 Jul 2018 09:09 CET | United States
Chase introduced an option to allow its customers with compatible Samsung Galaxy smartphones to link its Chase Pay app to Samsung ...

Samsung Pay transaction volume tops KRW 2 tln in Korea

Published 25 Aug 2016 07:23 CET | Korea, Republic of
Samsung Pay has exceeded KRW 2 trillion (approximately USD 1.78 billion) in transaction volume in South Korea in the first year ...

Samsung adopts barcode beaming to bring Samsung Pay to more phones

Published 30 May 2016 13:23 CET | World
US company Mobeam announced that Samsung has integrated its barcode Beaming technology in the Samsung Pay app. This enables users ...

Biometric transactions to hit nearly 5 bln by 2019 - study

Published 27 Oct 2015 12:01 CET | World
The increasing availability of contactless payment services using fingerprint scanners, above all Apple Pay and Samsung Pay, is ...

Sumup expands to US with launch of new NFC card terminal

Published 22 Oct 2015 09:21 CET | United States
SumUp, a European mobile point-of-sale (mPOS) company, launched its EMV-compliant mobile payments platform in the US. The country ...

Samsung Pay handles USD 30 mln in first month in Korea

Published 24 Sep 2015 08:28 CET | Korea, Republic of
Samsung Electronics reports its mobile payment service has processed transactions of over USD 30 million in the first month since ...

Samsung to expand m-payment service to budget phones

Published 18 Sep 2015 03:07 CET | Korea, Republic of
Samsung Electronics plans to expand its Samsung Pay mobile payment system to budget smartphones, Yonhap news agency reports, ...

Android Pay steals a march on Samsung Pay

Published 11 Sep 2015 13:32 CET | United States
Google has launched Android Pay on 11 September, (just) beating rival service Samsung Pay, announced for 28 September. Both are ...

Samsung Pay service goes live with Woori Bank - report

Published 07 Sep 2015 14:40 CET | Korea, Republic of
South Korean financial services provider Woori Bank has started accepting Samsung's mobile payment service, Yonhap news agency ...





Calendar   /   Industry Events

11 May Small Cells World Summit
13 May BT FY results
13 May Inwit Q1 2021
13 May Telefonica Q1 2021
13 May Alibaba Group Q1
13 May Poly fiscal Q4
13 May DZS investors day
14 May Japan Display FY results
14 May Telesat Q1
14 May Digi Communications Q1 2021
14 May Sohu.com Q1 2021
14 May Sogou Q1 2021
17 May Minim Q1 2021
17 May World Telecommunication and Information Society Day
18 May Iliad Q1 2021
18 May Vodacom FY results
18 May Vodafone FY results
18 May iQiyi Q1
18 May Baidu Q1 2021
18 May MTS Q1 2021
18 May Google I/O
19 May Analog Devices Q2
19 May TIM Q1 2021
19 May Cisco fiscal Q3
19 May Qualcomm 5G Summit
20 May Nkom 2020 telecoms statistics
20 May Poly investors day
20 May Deutsche Telekom Capital Markets day
20 May Shaw EGM on Rogers merger
20 May Telefonica Deutschland AGM
::: More Calendar Items