SEOUL, March 27 (Korea Bizwire) — The number of South Korean users of Samsung Electronics Co.’s mobile payment system Samsung Pay reached nearly 7 million in February, an industry tracker said Tuesday.
According to the data compiled by WiseApp, some 6.94 million users of Android-powered smartphones used Samsung Pay at least once last month.
WiseApp said its study indicated that the number of Samsung Pay users has been increasing gradually over past months since the figure reached 4.47 million a year earlier.
The research was based on 23,000 South Korean users of Android smartphones.
The industry tracker added that Samsung Pay use was centered during lunch times, with those in their 30s and 40s accounting for 28 percent and 27 percent, respectively. The corresponding number for those in their 20s stood at 20 percent, showing that users were equally distributed among various age groups.
Samsung Pay is a mobile payment solution that works on traditional credit card machines based on magnetic secure transmission (MST) technology as well as near field communication (NFC) technology.