Pay

Samsung keen on globalizing Samsung Pay in order to compete with Apple’s rival service

Samsung may have been a smartphone generation late in launching its own payment service for smartphone users, but looking at the company’s intent it seems like it won’t lag behind the competition.

‘The competition’ mainly refers to Apple Pay. Apple had a head start, but what Samsung is banking on is the fact that its payment service doesn’t require merchants to install additional hardware. Samsung believes now is the time to ramp up the service and make it truly global, which is a stage that Apple Pay will take time to reach simply for the fact that there’s overhead involved.

Korea will get the service 20th August, while folks in the US will be able to use Samsung Pay 28th August if Samsung’s rollout plan goes according to schedule.

It’ll be interesting to see how fast Samsung is able to truly globalize Samsung Pay. At the risk of sounding like a fanboy, I’ll admit that I’m excited to be able to use my phone for hassle-free payments.

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ThaiM
ThaiM

Don’t trust having payment information on my phone.

kronicle
kronicle

haha….. heehee… Apple Pay is NO COMPETITION against Samsung Pay. Already Samsung works on up to 90% of our transactions. Apple Pay?!? lol….. Get Real! Applewellian iProletarians are already bored with it and transactions are down. It’s looking more like a failure everyday. Their provisioning is under attack by hackers. You can us it on Jailbroken devices. Unlike Samsung Pay that (contrary to idiots pumping out FUD about Samsung fingerprint sensor spoofing and not Apple Pay Fingerprint problems still there) can only be used on unrooted devices with KNOX Security Suite in tact! Samsung has been in the Banking and… Read more »

phillipmcmh
phillipmcmh

If they’d been serious about this service they would have pushed it to the S6 devices when it was ready and made it available globally on release. Their partners (Visa and Mastercard) are already global so should’ve been their initial push. This selective rollout approach makes me feel like I bought an overpriced phone with features I’ll never be able to use before my next upgrade…

Phoenix2
Phoenix2

I’m kind of interested to see how this will fare especially in countries with their own mobile wallet, as well as Apple Pay and Android Pay. The latter two don’t even exist in New Zealand. NZ however does have its own mobile pay system named Semble, which is a cooperative effort between two major NZ banks and the three major carriers. Wonder how Samsung Pay would do…