Samsung Pay adds funds trading service in Korea

Samsung Pay begins funds trading service — Yonhap News — “Fund Online Korea Co said Tuesday it launched services for the trading of investment funds via Samsung Pay, the country’s top mobile payment tool. The service allowed users to shop for a variety of funds at the Samsung Pay platform after a simple process of opening accounts, according to the firm. ‘We are aiming at offering an easy, convenient and accessible investment channel,’ said company official Kim Seung-hyun.”


What's New in Payments

Samsung Pay adds support for discount vouchers in the UAE

Samsung Pay Vouchers launched in UAE — TradeArabia — “Starting August 29, Samsung Pay users can purchase vouchers offering 50% off in more than 200 locations across the UAE… To redeem Samsung Pay vouchers, just select the voucher in the Samsung Pay app and click ‘Use’. Pass the phone to the cashier to enter the Merchant PIN, which will display the voucher code. Show the code to the retailer and enjoy 50% off in a convenient, one-step process.”


What's New in Payments

Samsung Pay reports 1.3bn transactions since launch

Samsung Pay now available in six continents, accelerating global expansion — Samsung — “Originally launched in South Korea on August 20, 2015, Samsung Pay has experienced significant global growth and is now available in six continents and 24 markets, including the latest market, South Africa… Samsung recently passed more than 1.3bn transactions globally.”



Transit Ticketing Today

TransLink reports fast uptake of contactless payments on Vancouver transit system

One millions taps — Tap to Pay hits a milestone — TransLink — “It’s been two months since we launched Tap to Pay and we are happy to share our customers have embraced this new payment option in a big way. To date, there have been 160,000 unique users who have tapped their contactless credit cards and mobile wallets… Customers can tap card readers with a contactless Visa or Mastercard credit card, or a device with an Apple Pay, Google Pay or Samsung Pay wallet.”


What's New in Payments

Samsung Pay to go live in South Africa

Absa to give clients early access to Samsung Pay — TechCentral — “Absa, in association with Samsung South Africa, will soon be offering its customers early access to Samsung Pay before the service is commercially launched in South Africa,” the bank said. “The partnership with Samsung Pay will give Absa customers even more choice on how they can make payments.”


What's New in Payments

Chase Pay links up with Samsung Pay to let cardholders pay with NFC and MST

Chase Pay and Samsung Pay join forces — Samsung — “Chase Pay customers with compatible flagship Samsung Galaxy smartphones now have the option to link Chase Pay to Samsung Pay. This means that customers will now be able to use Samsung Pay’s Magnetic Secure Transmission (MST) technology, along with NFC, to pay with the Chase Pay app at millions of merchants in the United States by simply tapping the payment terminal.”


What's New in Payments

Samsung pulls support for Samsung Pay from budget smartphones?

Samsung stops loading mobile payment tool on budget phones — Yonhap News — “Samsung Electronics Co recently stopped embedding its mobile payment system, Samsung Pay, in budget smartphones, industry watchers said Sunday, apparently to save costs by excluding the feature, which has been less popular among teens and senior users… ‘As it costs roughly 5,000 won (US$4.50) per device to apply Samsung Pay, (the company) is apparently seeking to cut production costs by excluding the feature,’ an industry watcher said.”


What's New in Payments

Juniper predicts gains in market share for OEM Pays

Apple Pay accounts for 1 in 2 OEM Pay users globally, reaching 200 million by 2020 — Juniper Research — “The global number of mobile contactless users will exceed 760 million by 2020, up from an estimated 440 million in 2018… The combined market share of Apple, Samsung and Google will reach 60% of global mobile contactless users by 2023, up from an estimated 50% in 2018. Other OEM Pay users, including the likes of Huawei Pay, Xiaomi Pay, Fitbit Pay and Garmin Pay, will exceed 20 million by 2020.”


NFC World

US merchants increase support for NFC in stores, cut back on Apple Pay and Google Pay online

New survey finds fewer merchants accepting Apple Pay — Kount — “Support is up across the board for near field communication (up from 29% to 37%) and other mobile payments at the physical point-of-sale… Online merchant support for Apple Pay has gone down from 48% to 35%, Google Pay (previously Android Pay), is down from 38% to 25%, support for PayPal increased (from 48% to 64%) while 10% accept AliPay and 10% accept other e-wallets. The share of merchants who accept Samsung Pay, Visa Checkout, MasterPass, and Chase Pay all stayed constant from last year.”



Transit Ticketing Today

Translink adds mobile payments for transit users in Vancouver

Tap to Pay — Translink — “On May 22, our card readers will accept contactless Visa and Mastercard credit cards and Apple Pay, Google Pay, and Samsung Pay. For customers without Compass Cards, this new feature will mean no more ticket line-ups, digging for exact change, or worrying about pre-calculating zones. You can tap a contactless Visa or Mastercard credit card or mobile-payment method on card readers to pay your adult, cash fare. Note: card readers will not accept debit cards.”



What's New in Payments

Samsung Pay adds cashback deals ‘from leading retailers’

A more holistic mobile shopping experience with Samsung services — Samsung — “In the new Cash Back section of the Samsung Pay app’s home screen, users will find a range of exclusive offers from leading retailers. When they click on the offer they want and complete a purchase through the participating merchant, the user will receive a percentage back on their purchase which they can then spend toward a purchase — anywhere they use Samsung Pay.”


What's New in Payments

Samsung Pay adds online payments in the UAE

Samsung Pay launches UAE online payments option — Arabian Business — “One year after it was first launched in the UAE, Samsung’s mobile payment service ‘Samsung Pay’ has been made available for online payments. Up until now, the payment service was limited to in-store retail payments, but the new launch will also [allow] users of the service to pay for goods online.”


What's New in Payments

ANZ reports 156% increase in mobile payment volumes

ANZ sees dramatic uptake in digital wallet payments — iTnews — “ANZ Bank customers made almost A$600 million in mobile payments during the first half of fiscal year 2018… Customers completed more than 18.5m mobile payment transactions in the half, an increase of 156% on the previous corresponding period. ANZ said the transactions were made from mobile wallet services from Apple, Samsung, Google, Fitbit and Garmin, as well as the bank’s own Mobile Pay service.”



What's New in Payments

PayPal can now be used to make Samsung Pay mobile payments in US stores

Continuing to make choice a reality with Samsung Pay — PayPal — “Today, we have begun rolling out the ability for consumers to use PayPal within Samsung Pay and make purchases at the millions of retailers that accept Samsung Pay. Samsung Pay users can load their PayPal account with the debit card or bank account found in their PayPal Wallet for use in-store — all while continuing to earn Samsung Rewards points.”



What's New in Payments

Samsung Pay rolls out its rewards program in India

Samsung Rewards now rolling out to Samsung Pay users in India — Financial Express — “Samsung India on Thursday rolled out Samsung Rewards for the users of its mobile payments service Samsung Pay in India where they can collect and redeem ‘points’ to purchase the company’s devices. The programme is already available for Samsung Pay users in other global markets, including South Korea, the US, China, Spain, Singapore, Australia, Puerto Rico, Brazil, Russia, Thailand and Malaysia.”