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 [...]
SEOUL, Jun. 21 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday its mobile payment platform Kakao Pay currently has more than 10 million users, roughly 19 months after its launch in the country. Introduced in September 2014 and similar to the world-famous PayPal, users pre-register their credit and debit cards, [...]
SEOUL, May 11 (Korea Bizwire) – South Korea’s retail conglomerate Lotte Group is ratcheting up efforts to promote its own mobile payment platform, L Pay, industry watchers said Wednesday, as such services gained popularity over previous months amid the rising number of smartphone users. Lotte Group chairman Shin Dong-bin was recently quoted as saying by [...]
SEOUL, March 29 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has launched its mobile payment service Samsung Pay in China, speeding up efforts to expand the scope of its flagship mobile payment platform. The South Korean tech giant said Chinese users of high-end Galaxy smartphones can now use Samsung Pay in cooperation with China-based bank card [...]
SEOUL, March 4 (Korea Bizwire) – Samsung Electronics Co. said Friday it has reached an agreement to include the U.S.-based bank Wells Fargo & Company in its mobile payment platform, speeding up efforts to promote Samsung Pay. Following the partnership, Samsung Pay users can make purchases using their Wells Fargo accounts. The South Korean tech giant earlier [...]
SEOUL, Feb. 22 (Korea Bizwire) – Samsung Electronics Co. said Saturday it plans to release its mobile payment system Samsung Pay in major markets, including China, next month, speeding up its efforts to expand the presence of the platform amid the rise of rivalry services. Samsung Pay, first released in South Korea and the United [...]
SEOUL, Feb.16 (Korea Bizwire) – Apple’s Apple Pay mobile payment service will launch in China on February 18. Samsung is hoping to follow shortly with its Samsung Pay service, and is currently wrapping up negotiations with Chinese partners, adding a sense of tension to the Chinese mobile payment market. According to Chinese media, Apple Pay [...]
SEOUL, Dec. 18 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Friday it has agreed with China’s credit card operator UnionPay Co. to cooperate in promoting its new mobile payment system in the Chinese market. Under the deal, the two firms will aim to release Samsung Pay in the first half [...]
SEOUL, Dec.9 (Korea Bizwire) – Officials from ‘Samsung Pay’, the mobile payment system of Samsung Electronics, announced that they have added a transportation card service to Samsung Pay. From December 8, users of Samsung Pay will be able to issue a mobile T-money card or Cash Bee card through their Samsung Pay application, and use [...]
Samsung Electronics has announced that its Samsung Pay mobile payment system now has more than one million subscribers, only two months after its launch. (Image : Yonhap) SEOUL, Oct. 26 (Korea Bizwire) – Samsung Electronics has announced that its Samsung Pay mobile payment system now has more than one million subscribers, only two months [...]