Samsung begins testing mobile payments service

Samsung has begun testing its mobile payments service with a small group of customers in South Korea ahead of an expected full-scale launch next month.

Samsung Pay beta testing got underway this week with 1000 guinea pigs as the electronics giant prepares to take on Apple Pay and Android Pay.

An official launch in South Korea and the US is expected to coincide with the unveiling of the Galaxy Note 5 handset next month.

Samsung bought mobile wallet outfit LoopPay earlier this year to give it a shot at the mobile payments market and has signed up Visa and MasterCard to its upcoming service.

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Retail banking Payments

Keywords

Mobile & online banking Eftpos

Comments: (1)

Stanford Rusike - VeriFone (UK) - London 16 July, 2015, 20:56

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For those of us who are un-initiated in Samsung Pay, here's a dummies guide. ..> http://www.pocket-lint.com/news/132981-samsung-debuts-samsung-pay-what-is-it-and-how-does-it-work

Disappointed that I have to upgrade to a S6 to try this out. .. my S5 has hardly done any mileage.