SEOUL, Oct. 6 (Korea Bizwire) – In an exciting development for Samsung Pay users, the future promises faster and more convenient access to electronic certificates, including government-issued resident registration cards. This innovation could potentially boost the utilization of Samsung Pay, particularly in Korea, where efficiency in administrative processes is highly valued. On October 5, Samsung Electronics [...]
SEOUL, July 20 (Korea Bizwire) — Samsung Electronics Co. announced on Wednesday that it has decided not to charge commissions for its digital payment service Samsung Pay, and will renew contracts with local credit card companies. Since its launch in South Korea in 2015, Samsung Pay has continued to renew operational contracts with card firms. [...]
SEOUL, July 4 (Korea Bizwire) — South Korean credit card companies are expressing concerns about the potential cost burden as Samsung Electronics Co. considers turning its mobile payment service into a paid offering and implementing commissions on them. According to industry sources, Samsung is currently in talks with card issuers as its contracts with the [...]
SEOUL, June 15 (Korea Bizwire) — South Korea’s top Internet portal operator Naver Corp., partnered with Samsung Electronics Co. in March to prepare for the official launch of Apple Inc.’s mobile payment service Apple Pay in the country, and this strategic move has yielded positive results, a local data tracker said Wednesday. Naver Pay, Naver’s [...]
SEOUL, April 6 (Korea Bizwire) — Samsung Electronics Co. has been emphasizing the versatility of its mobile payment service, Samsung Pay, in its efforts to keep Apple Pay in check as the latter recently entered the South Korean market. “Samsung Pay was a groundbreaking change that enabled consumers to pay without having to separately subscribe [...]
SEOUL, May 14 (Korea Bizwire) — Samsung Electronics Co. said Tuesday that its mobile payment service has hit 40 trillion won (US$33.7 billion) in accumulated transaction volume in South Korea. Samsung Pay, launched in August 2015, had 2 trillion won worth of transactions in its first year, and surpassed the 40-trillion mark as of the [...]
SEOUL, Nov. 13 (Korea Bizwire) — Samsung Electronics Co.’s payment tool, Samsung Pay, stood as South Korea’s top transaction app in October, data showed Tuesday, with the number of Android-based users rising 58 percent on-year. According to the data compiled by industry tracker WiseApp, Samsung Pay was the most popular financial application for the month, [...]
SEOUL, Aug. 14 (Korea Bizwire) — Samsung Electronics Co.’s mobile payment system, Samsung Pay, boasted 8.86 million users in July in South Korea, making it the most popular Android-based financial app, data showed Tuesday. According to the data compiled by industry tracker WiseApp, Samsung Pay saw its number of users move up 53 percent from [...]
SEOUL, April 3 (Korea Bizwire) — The amount of payments made electronically hit a fresh record high last year amid a growing trend of South Koreans using the Internet and mobile devices to carry out their financial transactions, central bank data showed Tuesday. The daily average for electronic financial transactions came to 468.8 billion won [...]
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 [...]