Since 2015, available for Samsung users the opportunity to use their smart phones to the state in retail stores through the service, Samsung Pay. This has expanded the service since then to support the smart watches from Samsung made its way also to over 25 countries making it responsive now 14 million users in all around the world.
However, it seems that the payment service via mobile devices Samsung Pay is a payment service the most popular in South Korea, they represent about 80 percent of the total payment processes simple to put away. In the month of April last, come service Samsung Pay with the equivalent of 33.7 million USD of the payments with the knowledge that 25 percent of these payments had been made online, according to the Financial Secretariat Service.
Apart from the payments, the service Samsung Pay also supports deposits and withdrawals at ATMs and for card pre-payment cards, public transport.
Going forward, the company plans to Samsung to implement the features of the service through partnership with Woori Bank and provide the additional advantage of a new exchange compatible with more than 15 level of court including the US dollar, euro and Japanese yen.