Samsung Pay exhibits accelerated growth by launching in three new markets in three weeks

We recently asked our readers if they believed that Samsung Pay was not rolling out as fast as it should be and the majority agreed that the rollout is slow. Samsung has pointed out in a new post on its blog today that its mobile payment service has exhibited accelerated growth by launching in three new markets over the past three weeks. Samsung Pay launched in Spain which is its first European market and it then made its way to the first market within the South East Asian region: Singapore. Last but not the least, it also went live in the first market within the Oceania region: Australia.

Samsung Pay was first launched in South Korea where it has processed more than $1 billion in transactions already. It later went live in the United States and is now supported by 300 major and regional banks and credit unions. Value added services like gift cards, membership and loyalty features have been added as well for more than 110 merchants. The company says that the launches over the past three weeks are a significant milestone in the global expansion of Samsung Pay and it reiterates that the service is going to be launched in additional markets like Brazil, Canada, and the United Kingdom later this year.

Adnan Farooqui - Executive Editor

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First Samsung device: SGH-E900

Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.

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