News

Samsung Pay marks 3 years, 1.3B transactions

August 23, 2018

Samsung Electronics celebrated the third anniversary of the launch of Samsung Pay — on Aug. 20, 2015, in South Korea — with the announcement that the mobile wallet has produced 1.3 billion transactions globally.

The company used the occasion to tout a number of other accomplishments for Samsung Pay, as well:

• Approximately 2,000 banking and financial partners globally.
• ATM transactions in 5 markets including Russia, South Korea, UAE, U.S. and Vietnam.
• Online payments now available in 15 markets.
• Transit cards available in five markets, including China, Hong Kong, Singapore, South Korea and the U.K.
• Loyalty and membership cards available in 20 markets.
• Samsung Rewards available in 10 markets.

According to a press release, Samsung takes a localized approach to every launch, customizing its service to provide optimum value in a mobile wallet.

“Since we launched Samsung Pay three years ago, we have been dedicated to delivering a mobile wallet platform that is simple, secure and works almost anywhere," DJ Koh, president and CEO of the IT and mobile communications division of Samsung Electronics, said in the release. "We have been expanding its availability and forming strategic partnerships in each market to meet the unique needs of their users."