Samsung Electronics to launch web payments service for Android phones in South Korea


Tech giant Samsung Electronic devices Carbon monoxide Ltd stated on Thursday it will launch a mobile internet payments solution for all smartphones powered by Google Inc's Android mobile operating system in South Korea in the initial quarter.

The solution, called Samsung Pay Mini, will enable Android smartphones to make online deals in Samsung's home country after downloading and install a devoted application. The business did not discuss whether the solution will be offered in various other markets.

The statement comes as Samsung seeks to enhance its services offerings in a look for new growth. In October-December, the South Korean firm fell back archrival Apple Inc in the worldwide smart device market for the very first time because the fourth quarter of 2015, hurt by the demise of the fire-prone Galaxy Note 7 mobile phones.

The new service increases Samsung's existing Samsung Pay repayments system, which permits individuals to make offline credit history or debit card deals with a supported Samsung mobile phone or smartwatch. The system's competitors include Google's Android Pay and Apple's Apple Pay.

Samsung executives have actually formerly said they were open to supplying Samsung Pay solutions for non-Galaxy mobile phones eventually and intended to ultimately add on the internet transactions to the mobile settlements system. The offline ability will remain restricted to Samsung tools, the business claimed on Thursday.

The business does not presently earn money from Samsung Pay customers' purchases yet hopes the ease of the solution will certainly own users to Samsung items.
Samsung Electronics to launch web payments service for Android phones in South Korea Samsung Electronics to launch web payments service for Android phones in South Korea Reviewed by Android Review on February 03, 2017 Rating: 5

No comments