Samsung Pay hits 10 tln won in accumulated transactions in S. Korea

SEOUL, Aug. 20 (Korea Bizwire) – Samsung Electronics Co.’s mobile payment service has hit 10 trillion won (US$8.76 billion) in accumulated transaction volume in South Korea, the company said Sunday. Samsung Pay was launched at home in August 2015 and had 2 trillion won of transactions in its first year. It uses magnetic secure transmission [...]