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Samsung Pay leads the South Korean market

Samsung Pay leads the South Korean market
Samsung Pay
This mobile payment system has almost 2.6 million users in Korea, each of them using it more than once a day in average.

Samsung Pay may have closed last year with losses, but that does not mean its future looks grim. While it still has to gain a significant share in various other markets, Samsung Pay is the most used mobile payment app in South Korea, its home market and the first one where it became available last year in late August.

According to mobile trend and app ranker WiseApp, Samsung Pay has no less than 2.59 million users in South Korea. The next two positions belong to Shinhan (1.5 million) and Hyundai Card (1.23 million). These figures only cover Android smartphone users due to the low popularity of Apple handsets in the country. The same source also reveals that each Samsung Pay customer used the system 41 times in average last month.

Back in February, Samsung Pay had over 5 million active users, reaching the $500 million barrier in transactions processed in its first six months spent on both the US and South Korean markets. In addition to expanding its reach, Samsung Pay has been adding new features recently as well. The last new capabilities gained by this service are bank deposits and withdrawals.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 04 > Samsung Pay leads the South Korean market
Codrut Nistor, 2016-04-26 (Update: 2016-04-26)
Codrut Nistor
Codrut Nistor - News Editor
Although I have been writing about new software and hardware for almost a decade, I consider myself to be old school. I always enjoy listening to music on CD or tape instead of digital files and I will not even get into the touchscreen vs physical keys debate. However, I also enjoy new technology, as I now have the chance to take a look at the future every day. I joined the Notebookcheck crew back in 2013 and I have no plans to leave the ship anytime soon.