Samsung Pay Reaches Five Million Registered Users

Samsung Pay Reaches Five Million Registered Users

February 23, 2016         Written By Natalie Rutledge

Samsung Pay is now used by five million registered users, according to an announcement from the company. These consumers have processed over $500 million in transactions since this mobile payment service first launched. South Korea and the United States have the largest adoption rate.

“Since its introduction last year, Samsung Pay has changed the way people pay and use their smartphones,” said Injong Rhee, EVP and Head of R&D at Samsung Electronics. “We’ve already seen significant consumer adoption and we continue to see great momentum. Our aim is to expand Samsung Pay to even more locations around the world, and our customers should expect to see more features in the year to come.”

Samsung Pay plans to expand globally in 2016. The service will extend to China in March, followed by Australia, Brazil, Singapore, Spain and the U.K. later in the year. The service will be available in Canada at some point, but no precise date is set.

Samsung Pay is currently available on select Galaxy devices including S6, S6 edge, S6 edge+, Note5 and the 2016 Galaxy A5 and A7.

Samsung Pay is also offering online payment services in South Korea through its partnerships with BC Card, Hana Card, KB Kookmin Card, Lotte Card, NH Nonghyup Card and Samsung Card. With this service, consumers can utilize Samsung Pay Fingerprint Authentication to pay online.



The information contained within this article was accurate as of February 23, 2016. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


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About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at natalie@lowcards.com
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