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Samsung’s electronic wallet to support online shopping

  •  
  • Samsung Electronics Co plans to expand its fledgling mobile payment
    service, Samsung Pay, next year, allowing users to shop online and with more
    smartphones that support the electronic wallet,
    Reuters said in a report.
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  • Lower-priced Samsung phones will likely start offering the mobile
    •  
    • Samsung Electronics Co plans to expand its fledgling mobile payment
      service, Samsung Pay, next year, allowing users to shop online and with more
      smartphones that support the electronic wallet,
      Reuters said in a report.
    •  
    • Lower-priced Samsung phones will likely start offering the mobile
      wallet “within the next year,” Thomas Ko, global co-general manager
      of Samsung Pay, said in an interview. The service debuted in South Korea on
      just a handful of high-end Samsung phones, including the Galaxy Note 5, the
      Galaxy S6 Edge, Galaxy S6, and Galaxy S6 Edge Plus.
    •  
    • Wider “handset availability of Samsung Pay as well as online
      payment support is coming soon,” he said late last week.
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    • He did not comment on which other countries Samsung Pay would expand
      to.
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    • Samsung Pay has already scored a lead over its major rivals Apple
      and Android, by launching its US service on September 28 with technology that
      is widely used at most stores, the report said. Apple Pay and Alphabet Inc’s
      Android Pay require retailers to install new equipment.
    •  
    • By accepting payments online, Samsung Pay will compete with
      established rival PayPal Holdings Inc, as well as newcomers such as Visa Inc’s
      Visa Checkout.
    •  
    • Samsung Pay is already the most widely accepted mobile wallet in the
      United States because it is compatible with new and older credit card terminals
      and do not require any special arrangements with retailers, Ko said.

     

     

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