One Year Later, Samsung Pay Nears 100 Million Transactions Mark



Samsung Pay, Samsung’s mobile payments service, is about to hit the 100 million transactions mark, a key milestone for the company, a year since the service was launched.

According to a statement from Samsung, the service has been particularly popular in its home market, Korea, where users have added nearly 11 million cards (ATMs, loyalty, credit etc) to the mobile payments service.

The service hitting the 100 million transaction mark globally is despite the fact that Samsung Pay is only available in a handful of countries. The US (including Puerto Rico), Korea, Spain, Singapore, Australia, China and Brazil are the only places where the service is live.

The service’s other limiting factor is the devices that users can access it with. So far, Samsung has restricted Samsung Pay to its premium smartphones in the Galaxy S and Galaxy Note series with 2016 editions of the Galaxy A5, A7 and A9 being the only exceptions to the rule. It has been previously reported that the company was working to bring the service to more budget devices but that is yet to happen.

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Emmanuel writes on mobile hardware, software and platforms.