Summary

Samsung Pay is a mobile payment solution launched by Samsung in August 2015. At present the solution is available in 21 markets outside South Korea.

Samsung Pay is available for the following Samsung products in the US: Galaxy Note8, Galaxy S8, Galaxy S8+, Galaxy S7, Galaxy S7 Edge, Galaxy S7 Active, Galaxy S6, Galaxy S6 Edge, Galaxy S6 Edge+, Galaxy S6 Active, and Galaxy Note5 as well as Samsung Gear S2 sport, S2 Classic, S3 Frontier, and S3 Classic watches.

The solution supports all major card schemes, including American Express, Visa, Mastercard, and China UnionPay. It is supported by more than 1,400 international and regional banks and credit unions in the US, including Bank of America, Wells Fargo, Citibank, Capital One, PNC, and TD Bank. Users can store details of multiple debit, credit, and store cards on Samsung Pay.

The report provides information and insights into alternative payment solution Samsung Pay, including -

  • Detailed insight into its business and geographical presence
  • Comprehensive coverage of its products and services
  • Comparative assessment with key alternative payment solutions
  • Information on its performance, including its revenue model
  • The company’s important events and milestones




Scope

  • In August 2015, Samsung Pay was launched in South Korea.
  • In April 2016, Samsung Pay introduced a new service allowing users to withdraw cash from ATMs without a physical card.
  • In July 2017, the solution partnered with PayPal, allowing its users to link their PayPal accounts and make payments via Samsung Pay.
  • In January 2018, Samsung Pay was launched in Mexico.




Reasons To Buy

  • Gain insights into Samsung Pay’s business operations, and key events.
  • Gain insights into its product portfolio and revenue model.
  • Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.