Samsung Pay reached 5 million registered users

Samsung logoSamsung Pay today has reached a milestone since its launch six months ago in Korea and later on in the United States: the service now has 5 million registered users who have processed over $500 million in transactions.

Currently, Samsung Pay is only available on Samsung's top-end phones: the Galaxy S6, Galaxy S6 edge, Note 5 and the Galaxy S6 edge+, but in 2016 it is already available on the new Galaxy A7 (2016) and Galaxy A5 (2016).

Samsung Pay reached 5 million registered users

Big news is that Samsung Pay is now officially confirmed to be coming to China in March, and later this year in Australia, Brazil, Singapore, Spain, Canada and the U.K.

Samsung says that Pay is getting adopted quickly and has a growing support of banks with over 70 total supported banks.

Unlike Apple Pay and Android Pay, Samsung Pay supports not only NFC terminals, but also legacy MST terminals that are usually found at smaller retailers. MST or magnetic transactions use the same technology that is used in credit and debit cards, so compatibility with these older terminals makes Samsung Pay much more likely to work in places where Apple Pay and Android Pay won't.

Source: phoneArena

Tags: Samsung

Add comment

Your name:
Sign in with:
Your comment:

Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party

Last news

Pokemon GO had the potential to net $1 billion a year
The report said that Hon Hai has invested about US$600 million in India
Market research firm IDC reports that in the third quarter of this year
Customers will only have to shell out 50% of the cost of their Galaxy S7 device
New flagship will launch in 2017
Patent hints at name of the upcoming Surface AIO
IBM, Globalfoundries and Samsung have chosen to use extreme ultraviolet (EUV) light to pattern transistors
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
HP Slate 7 is a 7-inch Android 4 Tablet PC with good sound
A cost-effective, 7-inch tablet PC from a renowned manufacturer
October 25, 2013 / 4

News Archive



Do you use microSD card with your phone?
or leave your own version in comments