No fees will be charged by Samsung to card issuers making use of its new Samsung Pay service in Korea, Business Korea reports, “to help dominate the rapidly-growing mobile payments market”. Samsung’s revenue plan for the US “is still unknown”, the report adds, “but an industry source said that the company is unlikely to charge fees in the US in light of its decision in Korea”.
- Dejamobile to supply Paris regional transit authority with NFC mobile ticketing technology
- Mastercard CEO: Cash is our main competitor
- Seamless considers sale or closure of Seqr mobile payments service
- PayPal to turn Venmo P2P payments app into ‘ubiquitous digital wallet’
- NXP unveils world’s thinnest contactless chip module