News about ETNews.
June 1st, 2016
The Samsung Pay Mini online payments app expected to go live in South Korea this month will be compatible with Apple devices as well as Android smartphones, according to ETNews. “Samsung Electronics is planning to provide this application for free and has designed it so that it can be used on all smartphones such as iPhones and LG Electronics’ phones,” the publication reports. News that Samsung is preparing to roll out the Samsung Pay Mini app emerged last week.
May 27th, 2016
Samsung is to launch a smartphone app in South Korea that will make it easier for consumers to make online payments using Samsung Pay, ETNews reports. “Samsung is commercialising a separate application called Samsung Pay Mini in June to strengthen online payments,” the publication says. “Samsung has designed it so that cards can be registered in it and be used for online shopping malls or online stores. Samsung Card, Lotte Card and Hana Card already decided to participate.”
March 8th, 2016
Samsung Pay has recorded a net loss of US$16.8m since the mobile payment service was unveiled in March 2015, despite attracting approximately five million users in South Korea and the US in its first six months….
January 29th, 2016
LG has developed an electronic ‘LG Pay White Card’ that will let users register multiple credit cards onto a single piece of plastic for in-store payments and ATM withdrawals. The device is about the same size as a normal credit card, ETNews reports, and has a small LCD display, buttons to select which virtual card to use and a connector for recharging. The handset maker confirmed in November 2015 that it is working on launching its own mobile payment service.
January 7th, 2016
Samsung Pay will become the mobile payments market leader in Asia, with a 49% share of the market in 2016, a Korean investment firm predicts. “Hyundai Securities is estimating that 200m Samsung smartphones will have Samsung Pay next year,” Etnews reports. “As Samsung joins hands with UnionPay, it is expected that Samsung Pay’s influence will expand starting from China.” Samsung announced its partnership with China UnionPay in December 2015.
October 13th, 2015
LG has reportedly filed trademarks for ‘LG G Pay’ and ‘G Pay’ in South Korea, suggesting that the handset maker could be looking at launching its own mobile payment service. “According to IT industry and financial industry, LG Electronics just finished applying for trademark of G Pay in the US at the end of September after it did so in South Korea,” ETNews reports.