Digital Payments

Samsung Pay Passes The 1.3B Transactions Mark

samsung pay phone

Samsung Electronics announced Tuesday (August 21) that Samsung Pay, its digital payments platform, recently passed the mark of more than 1.3 billion transactions globally.

In a press release celebrating the three year anniversary for Samsung Pay, Samsung Electronics said the digital payment service is now available in six continents and 24 markets, including its latest in South Africa. “Since we launched Samsung Pay three years ago, we have been dedicated to delivering a mobile wallet platform that is simple, secure and works almost anywhere. We have been expanding its availability and forming strategic partnerships in each market to meet the unique needs of their users,” said DJ Koh, President and CEO of IT & Mobile Communications Division at Samsung Electronics, in the press release. “And we’re not limiting ourselves to a mobile wallet — by integrating with our other mobile services, consumers will be able to earn Samsung Rewards points, use Bixby for a more seamless payment experience and more.”

According to the company, it has about 2,000 banking and financial partners around the globe, has made online payments available in 15 markets, transit cards for five markets, loyalty and membership cards in 20 markets and has the ability to conduct ATM transactions in five markets. The company noted it also has Samsung Rewards, which provides points for purchases with its merchant partners, and Pay Planner, which helps users track their spending history and analyze consumption patterns for the South Korean and UAE markets.

With Bixby integration, Samsung said users can make purchases via voice commands.  In May Samsung Pay added new shopping and rewards features to its mobile payment service. One of those features uses Bixby, Samsung’s intelligence platform, to enable Samsung Pay users to shop via their smartphone cameras. When consumers point their cameras at an object, Bixby Shopping identifies it and directs that shopper to an eCommerce site operated by a Samsung partner. Bixby Shopping works with Galaxy S9 and S9+ smartphones. The feature will take Samsung Pay “beyond mobile payments,” the company said in a statement, and help the mobile service capture more of the mobile commerce market.

 

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