Samsung Wallet rolling out to 8 new markets later this month
Samsung developed the mobile payment and digital wallet service known today as Samsung Wallet using technology from LoopPay, a startup acquired by the South Korean tech giant in February 2015 for around US$300 million. Samsung Pay launched in South Korea at the end of August and expanded its reach to the United States in late September, both in 2015. Samsung Wallet was introduced in 2013 as a mobile wallet system and was merged into Samsung Pay in 2015. In late June 2022, Samsung Wallet replaced Samsung Pay.
In late 2022, Samsung Wallet expanded its reach to users in over a dozen countries, including Finland, Norway, Qatar, Switzerland, and UAE. Now, the time has come to add 8 more, which are supposed to get full support starting at the end of the month. The list includes the following countries: India, Malaysia, Singapore, Taiwan, Australia, Brazil, Canada, and Hong Kong.
Jeanie Han, EVP and Head of Digital Life Team at Mobile eXperience Business, Samsung Electronics, revealed that "Over the past several months, we’ve worked hard to rapidly expand the availability of Samsung Wallet, bringing the platform to more potential users. We look forward to sharing exciting new developments in the year ahead."
Samsung Wallet is now available in 21 countries and the list will grow to 29 in the coming weeks, thanks to the expansion announced yesterday.