Samsung has begun testing its mobile payments service with a small group of 1.000 customers in South Korea ahead of an expected full-scale launch next month. The company is inviting select S6 and S6 Edge owners in Korea to participate in the first public trial of Samsung Pay before a wider rollout kicks off in the coming weeks.
Samsung Pay, the mobile payments service announced alongside the Galaxy S6, is getting closer.
According to koreabizwire.com. the beta testers will experience the Samsung Pay service at various major offline member stores of Samsung Card from July 15 to August 20. The (Samsung Card) company will provide 10,000 points to those beta testers who spent more than 50,000 won through the payment solution. In addition, the company will hold a special event offering up to 50,000 points to active beta testers who use the service often.
Samsung Pay combines NFC, which is used by Apple Pay and Google Wallet, with technology that the company picked up with its acquisition of LoopPay. This allows Samsung’s phones to communicate with magnetic stripe card readers, making Samsung Pay instantly compatible with most payment terminals you’ll find at retailers today.
Specialists believes that Apple Pay is already gaining incredible momentum and starting its international expansion, so the effortless support for Samsung’s solution is important if the company hopes to produce a worthy rival. Last month, Samsung said that we likely wouldn’t be seeing Samsung Pay until September. But this test in Korea may indicate that a bigger rollout is coming soon, and with the Galaxy Note 5 launch rumored for next month, there’s a prime opportunity right around the corner.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
