Samsung Pay has forged partnerships with some 440 banks worldwide and major payment networks such as American Express and China UnionPay, the company said. (image: Samsung)
SEOUL, Aug. 24 (Korea Bizwire) – Samsung Electronics Co.’s mobile-payment service, Samsung Pay, has hit 2 trillion won (US$1.8 billion) in accumulated transaction volume in South Korea, the company said Wednesday.
The record came about one year after Samsung launched the mobile-payment service at home.
Of the accumulated transaction volume, the value of fingerprint-identification mobile payments, which started this year, stood at about 500 billion won, Samsung said.
Samsung is expanding the mobile-payment service globally.
The company has launched Samsung Pay in the United States, China, Spain, Australia, Singapore and Brazil.
Including South Korea, Samsung has processed about 100 million mobile-payment transactions globally, the company said.
Samsung Pay has forged partnerships with some 440 banks worldwide and major payment networks such as American Express and China UnionPay, the company said.
(Yonhap)
