Rewards Program Doubles the Daily Users of Samsung Pay

Rewards Program Doubles the Daily Users of Samsung Pay

January 11, 2017         Written By John H. Oldshue

The number of daily users of Samsung Pay has almost doubled since the launch of Samsung Pay Rewards, according to Samsung’s Vice President Nana Murugesan.

“We are seeing that people are more likely than ever before to try mobile payments – with the number of daily users doubling every week since the launch of Samsung Rewards – thanks to the tangible benefits they experience,” said Murugesan at the 2017 Consumer Electronics Show.

Just last month, the company added a loyalty points program to its mobile wallet similar to what you might expect from a rewards credit card. Users are categorized into tiers based on how often they use Samsung Pay. The more transactions they make, the more rewards they earn per transaction. These rewards are in addition to the points they already earn on cash back cards, travel cards and store cards.

December 2016 set a record for the highest number of transactions processed through Samsung Pay, but that was most likely the result of high spending during holiday shopping. Nevertheless, this could mark the beginning of a tremendous growth spurt for the mobile wallet.

Consumers aren’t the only ones benefiting from Samsung Pay Rewards. Credit unions can now use this program to offer incentives for debit card users. Most debit cards do not come with rewards programs, and those that do still cannot compete with the loyalty systems offered on credit cards. Now credit unions can tell their customers to use Samsung Pay Rewards to earn points for their debit card purchases. Samsung handles all of the prizes and rewards calculation. The credit union simply has to make sure their cards are compatible with the mobile wallet.

The information contained within this article was accurate as of January 11, 2017. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About John H. Oldshue

John Oldshue is the creator of He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for
View all posts by John H. Oldshue
Top Features : No Annual Fee, Bonus Offer, Cash Back
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Top Features : Earn cash back twice. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Top Features : 4% cash back on dining & entertainment, 2% at grocery stores; $300 bonus after spending $3000 in first 3 months
Top Features : No annual fee; 3% cash back on dining & entertainment; 2% on groceries; $150 cash bonus after spending $500 in first 3 months
Top Features : 1.5% cash back on every purchase; access to higher credit line after making first 5 monthly payments on time