Pay

Samsung Pay is one-year old today with nearly 100 million transactions processed

It has been a full year since Samsung Pay was launched and it still happens to be the most widely accepted mobile payment service in all of the markets that it’s available in right now. The company today revealed that Samsung Pay has processed nearly 100 million transactions in its first year alone which goes to show that the future is bright for this mobile payments service.

“Our ambition to reach a world without wallets continues to draw ever closer, and this strong consumer adoption signals a shift in behavior and demonstrates the continued enthusiasm for a safer, smarter and better mobile wallet,” said Injong Rhee, CTO and EVP of Software and Services, Mobile Communications Business at Samsung Electronics.

On its home turf in Korea, Samsung Pay has processed over 2 trillion won in transactions with over 25 percent of them being made online. Almost 11 million cards including loyalty, transit, ATM and gift cards have been registered by Samsung Pay users in the country.

Users can also add membership cards, gift cards and redeem coupons in select markets. Samsung revealed today that so far more than 4 million membership cards have been registered in the United States and South Korea. It supports more than 440 bank issues in all of the countries Samsung Pay is available in right now.

Samsung has also published an infographic which details some of the achievements that Samsung Pay has made in its first year.

samsung-pay-infographic

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Solun
Solun

It´s interesting, seems like they are not as fast as everyone hoped. Why? Other companies start to compete, in the Czech Republic my bank just launched a mobile payment system that you can use on any NFC enabled phone (I am paying with my S5 mini). And it´s even faster than Samsung Pay, you don´t do ANYTHING with your phone, you just tap the card reader with it. You don´t even unlock the screen. Only payments above 20 EUR or equivalent require a fingerprint or PIN.

woody365
woody365

And….. none of those are from the U.K

eSeM
eSeM

With Android Pay now available in the UK there is no rush for Samsung to release Pay as I doubt many people would use it. EE’s Cash On Tap is still my preferred method of NFC payment.

o0MHJ0o
o0MHJ0o

I know it’s been said already but they made this announcement on stage during release! That samsung pay will arriving to the UK early 2016. Still not here. It was one of the main USPs and a big reason as to why I bought the edge+. Really disappointed with Samsung

NotReallySamsungFan
NotReallySamsungFan

The promise of Samsung pay “Soon” in the UK is what got me to buy a S6 edge when that was relatively new.

matturl
matturl

The announcement of Samsung Pay was one of the reasons I pre-ordered my S6 Edge. 17 months later and it’s still not here (UK), and no word about it either.

matturl
matturl

Still no UK release as promised

vertcam9
vertcam9

Still has not been rolled out in the philippines.

manojmcn
manojmcn

Just made my first purchase using Samsung Pay today.
So simple to setup and use. Doesn’t even need to unlock the phone.
Where as with Android pay, I had to unlock and launch the app.

preime101
preime101

come on then Samsung, where is the promised release in the UK?????

NotReallySamsungFan
NotReallySamsungFan

They said “2016” So….maybe December.