Samsung Pay is Already a Smashing Success in South Korea

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Samsung Pay is Already a Smashing Success in South Korea

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Mobile payment seems to be the next big thing getting users excited in the tech world. It refers to transactions, under specific financial regulations to ensure safety, using a mobile device. The latest company to be in news related to this tech development is Samsung, creating headlines with Samsung Pay. Samsung Pay

The newest service of the company has been launched in its home country of South Korea less than a month ago, and the company claims it has already witnessed transactions amounting to $30 million. This amount is spread across 1.5 million transactions. They were made by people who were active throughout the course of last month, many using the service every day. The device mainly used for it was Samsung Galaxy Note 5.

Earlier, Google Wallet has been a noticeable name in the realm of mobile payment. Apple is yet to introduce the service and there is little official news available about its launch. It would be interesting to see Samsung Pay pitted against other tech giants and the way in which market responds to it outside Korea.

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Rosheena Zehra
Rosheena is a Senior Content Writer at iGyaan. Find her on Facebook below.