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Samsung Pay surpasses 1 million users in South Korea

According to a report out of South Korea, Samsung Pay has now surpassed 1 million users in the country. That’s a pretty astonishing figure when you take into account that the service has only been operational in South Korea for the past two months, during which time it has recorded more than 100,000 daily payments equating to a grand total of $90 million.

The secret to Samsung Pay’s success in South Korea appears to be a result of the company’s extravagant public marketing events that were carefully crafted to showcase just how easy it is to use, and to encourage more people with compatible Samsung smartphones to start using the wireless payment gateway.

It looks as if most users are turning to the service to pay for goods on a daily basis in department stores, supermarkets, cafés and restaurants, although use at cinemas and for public transport is at an all-time high.

“Samsung Pay has seen its subscriber base expand at a rapid pace,” writes a Samsung Electronics official. “We will continue to make efforts to offer better services by developing more convenient, customer-centric functions and by providing marketing promotion events for the payment service.”

Have you had an opportunity to try Samsung Pay? If so, what are your first impressions on the service? Be sure to let us know your thoughts in the comments section below.

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ROMUP
ROMUP

china is testing samsung pay.

kronicle
kronicle

From the time LoopPay with their technology launched a startup with Samsung investing in them Day ONE….. I knew they’d eventually end up buying them out. Luckily…. Apple failed to see the value of LoopPay in everyday transactions and instead of buying LoopPay, like they did buying Authentec out from under them. Samsung JUMPED…. on that deal immediately! Knowing that with Apple…. no partner, ex partner, parts supplier, technology innovation leader could ever trust them farther than they could throw them. Apple proved that decades ago…. by burning Xerox for Mouse and GUI as well as AT&T for phone calls… Read more »

carlitos29
carlitos29

All we need now is more support from the banks and merchants. I’ve used it a few times with my AMEX card but can’t use my bank cards. Hopefully they will jump aboard soon.

edenleal2158
edenleal2158

too bad i rooted my phone 🙁 wish there was another way to make it work with root

kronicle
kronicle

Pretty sure you can just unroot it and just make sure KNOX Security Suite features are still in tact! …..and it may require doing a factory restore too. But as long as you backup your phone to either Google or some 3rd party backup service, it’s pretty easy to get it all back the way it was. Well except for the rooting!

ameran
ameran

Your phone is practically open to hackers after it is rooted. You should be happy that you can’t use Samsung Pay, because the hackers could access your bank information as soon as you activate them in Samsung Pay App.

pulsar180
pulsar180

Game changer