Samsung Pay to expand globally beyond Korea & USA

The payment service from Samsung set to expand globally in 2016 to new countries and partners.

In 2016, Samsung Pay will be expanding to new countries and major payment networks such as American Express.

In 2016, Samsung Pay will be expanding to new countries and major payment networks such as American Express.

In 2016, Samsung Pay will start global expansion beginning with China in March, followed by Australia, Brazil, Singapore, Spain and the U.K. later in the year.

“Since its introduction last year, Samsung Pay has changed the way people pay and use their smartphones. 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,” said InJong Rhee, EVP and Head of R&D, Software and Services of Mobile Communications Business at Samsung Electronics.

Canada will be added to the new launch roadmap.

According to Samsung Electronics, Samsung Pay now has about five million registered users over 500 million dollars processed in the first six months, showing a strong adoption rate in South Korea and the U.S since the launch of the payment service in these two countries in August and September 2015 respectively.

Samsung Pay is currently available on select Galaxy devices including S6, S6 edge, S6 edge+, Note5 as well as premium and mid-range options such as the 2016 models of both Galaxy A5 and A7.

Samsung Pay will also expand its enhanced services to more than just credit or debit cards, adding transit passes, coupons and membership cards to its available payment modes.

Samsung Pay is now available on Google Play as a free download for compatible devices.

A photo posted by John Tan (@tech4tea) on

The 2016 versions of the A5 and A7 smartphones will be compatible with Samsung Pay. Seen here at the launch of the A3, A5 and A7 in Singapore.

Extensive Partnership Ecosystem

Samsung Pay started its service in South Korea and the U.S. last year, and now supports eligible credit and debit cards from more than 70 major and regional banks.

“We leverage our unique technology and capabilities to provide our customers around the world with seamless, differentiated experiences, giving them more flexibility and choice for how to pay. As part of that strategy, we are excited to work with Samsung on the expansion of Samsung Pay for our Card Members in Australia, Canada, Singapore and the U.K,“ said Michele Sue-Ann Batchelor, Head Public Affairs & Communications, American Express Int’l Inc.

In addition to mobile payments, Samsung is partnering with BC Card, Hana Card, KB Kookmin Card, Lotte Card, NH Nonghyup Card and Samsung Card to provide a quick and easy online payment service in South Korea.

By adding this new service, consumers will be able to use the Samsung Pay Fingerprint Authentication to pay online.

In 2016, Samsung Pay will support four major payment networks, including American Express, China UnionPay, MasterCard, and Visa.

Many of the countries’ major banks and partners include Abanca, American Express, Banco do Brasil, Banco Sabadell, Bradesco, Brasil Pre-Pagos, Caixa, CaixaBank, China Construction Bank, China Everbright Bank, China Guangfa Bank, China Minsheng Banking Corp, DBS, El Corte Inglés,ImaginBank, Industrial and Commercial Bank of China, Itaú Unibanco, MBNA, Nationwide Building Society, Nu Bank, OCBC Bank, Ping An Bank, Porto Seguro, Santander, Standard Chartered Bank and Transport for London (TfL).

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