Samsung Pay has begun testing in Korea
Samsung’s new payment system, Samsung Pay, is starting to get more attention. The new mobile payments system was announced at the Galaxy S6’s launch earlier this year and is expected to launch in the United States this fall. We have heard numerous rumors that the service’s launch might have been delayed until later in the fall after Samsung’s next Galaxy Note arrives. However, a new report from The Korea Bizwire has stated that Samsung Pay has begun testing in Korean stores.
Samsung Pay, unlike competing services from Google and Apple, allows for magnetic strip payments meaning you are not tied to NFC. This will bring Samsung Pay to over 10 million locations instantly, way more merchants than its rivals. It is also expected to have some kind of rewards program to give users rewards. Hopefully Samsung will bring this new system to future handsets and you can bet on it coming to the upcoming Galaxy Note handsets.
Only time will tell, but the new mobile payments system looks to get underway in September.
Source: The Korea Bizwire
Via: GSMDome
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