Samsung’s Mobile Payments Service Ready for the Market, Arrives Late August

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Samsung introduced to the world its own mobile payments service, Samsung Pay, during the unveiling of the Galaxy S6 and S6 Edge in Barcelona earlier in the year. The introduction coming a few days after the company had announced its acquisition of LoopPay, the startup whose initial product Samsung Pay is built upon, it was obviously going to be a long ride before the company could be ready to take the product to the market. After an intensive testing period in its home market, Samsung believes that Samsung Pay is ready for the highly expectant market.

On August 20th, Samsung Pay will go live in Korea just in time for the first users who will buy its newly announced Galaxy S6 Edge+ and Galaxy Note 5 to give the new service a spin. In the United States, Samsung Pay will go live a month later, on September 28th. Other markets like China, Spain and several other European Union nations will get it after that. Since it is not just the two new smartphones that will support Samsung Pay (even Samsung TVs will), select users of this year’s other flagship Samsung devices like the Galaxy S6 and S6 Edge in the United States will join buyers of the Note 5 and the S6 Edge+ in testing the new mobile payments service before it is finally live towards the end of September.

Samsung expects widespread adoption of Samsung Pay since the service is the only one to support legacy payments terminals as well as modern ones that are NFC-enabled

 

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