Samsung Pay will soon allow payments using South Korean cards in the US and China

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Last updated: May 10th, 2016 at 14:37 UTC+01:00

A new report reveals that Samsung Pay will soon allow users with credit and debit cards issued in Korea for transactions in the United States and China. It’s said that Samsung is going to link up the foreign payments system with Samsung Card, Lotte Card, KB Card and Hana Card, and enable Samsung Pay to accept these cards at foreign merchants in the aforementioned countries by the end of this month.

The aforementioned card issuers have negotiated with global card companies such as MasterCard and Visa who have agreed to link payment networks. Negotiations with another major issuer, American Express, are said to be in the final stages. It took three months for the payment system to be linked and the conversion of fixed token with international card companies.

In the first stage, the ability to pay using cards issued in South Korea will be provided to Samsung Pay users in the United States and later in China when the service eventually goes live in the People’s Republic. Samsung will continue to expand this as its mobile payments service goes live in additional markets later this year.

Via

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