Samsung’s mobile payment system, Samsung Pay, has entered the public test phase in its native South Korea.
It was way back at the beginning of March that Samsung announced its Apple Pay rival, appropriately dubbed Samsung Pay. Here was to be a mobile payment system that magically worked with even older non-NFC payment systems.
However, Samsung Pay didn’t launch with the Samsung Galaxy S6 on April 10. It was initially set for a July release, before slipping even further back to September.
Now Samsung has announced that it has entered a public testing phase of Samsung Pay. Select Galaxy S6 and S6 Edge users in South Korea have been given exclusive access to the payment system from July 15.
Apparently, Samsung Pay is already accepted in more stores than any other mobile payment service in Korea.
As hinted at above, that’s because Samsung Pay is the only mobile payment system that works with both new near field communication (NFC) payment readers and old fashioned magnetic secure transmission (MST) card readers.
The latter can be put down to Samsung’s acquisition of LoopPay, the originator of such technology, earlier in the year.
Read More: Apple Pay vs Samsung Pay
It doesn’t seem as if this has altered the September launch of Samsung Pay. Presumably it will coincide with Samsung’s next big hardware release, which will likely be the Samsung Galaxy Note 5.
Samsung Pay is set to make its debut in South Korea and the US before making its way to Europe, China, South America and Australia later in the year.
Find out how the Samsung Galaxy Note 5 is shaping up in the following rumour round-up video:
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Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
Professional conduct
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
