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Credit Card Firms to Support Successful Launch of Samsung Pay

Credit Card Firms to Support Successful Launch of Samsung Pay

SEOUL, Aug. 18 (Korea Bizwire) – South Korea’s top tech giant Samsung Electronics said Tuesday the country’s 10 credit card companies have agreed to support its new mobile payment system whose launch is slated for later this week. The Samsung Pay service, scheduled to debut on Thursday in South Korea, supports not only the near field [...]

LG to Join Forces with Google for Android Pay

LG to Join Forces with Google for Android Pay

SEOUL, Aug. 6 (Korea Bizwire) — South Korea’s No. 2 tech giant LG Electronics is set to join forces with U.S. Google for a smartphone with an Android-based payment system, industry sources said Thursday, commencing its struggle to catch up to rivals. LG Electronics is anticipated to showcase Google’s next Nexus smartphone in October, according to the sources. [...]

Card Industry Busy Preparing for Full-fledged Use of Samsung Pay

Card Industry Busy Preparing for Full-fledged Use of Samsung Pay

SEOUL, Aug. 4 (Korea Bizwire) – Prior to the official launch of Samsung Pay, Samsung Electronics‘ simple on and offline payment solution, Korean card companies are busy preparing for the service. According to credit card industry representatives, Samsung Card, Samsung Group’s card company, and BC Card are now offering a trial run of Samsung Pay [...]

Samsung, Google, Naver at War over Mobile Payment Systems

Samsung, Google, Naver at War over Mobile Payment Systems

Seoul, July 13 (Korea Bizwire) – Information Technology (IT) companies are getting busy before the second half of this year, when the issue of mobile payment systems is expected to come to a head. Samsung Electronics, Google and Naver, three industry powerhouses, are set to launch mobile payment systems that are expected to have widespread influence on [...]

Samsung Pay to Be Available in US in September

Samsung Pay to Be Available in US in September

SEOUL, June 3 (Korea Bizwire) — South Korean tech giant Samsung Electronics said Wednesday it will launch a mobile payment platform in South Korea and the United States around September. Samsung Pay will be available upon the release of Samsung’s next flagship model around September, and the company will gradually expand sales to China, Europe, Australia [...]

Samsung Says Its Own Mobile Payment System Available in Second Half

Samsung Says Its Own Mobile Payment System Available in Second Half

SEOUL, Mar. 4 (Korea Bizwire) — Samsung Electronics Co., the world’s largest smartphone maker, said Wednesday its new mobile payment platform, Samsung Pay, will be available for use by the second half of this year, which is expected to bring changes to the financial technology industry. The South Korean tech giant said it is moving [...]