Home
Mobiles
Mobiles News
Samsung to Expand Mobile Payments to New Countries, Smartwatches

Samsung to Expand Mobile Payments to New Countries, Smartwatches i621k

By Reuters | Updated: 6 January 2016 17:18 IST

ment

South Korean technology giant Samsung Electronics Co Ltd said on Wednesday it will launch its mobile payments service in three additional countries, as well as introducing the system on its Gear S2 smartwatches.

Samsung, through an official Twitter , said Samsung Pay is "coming soon" to Australia, Brazil and Singapore. The service launched last year in South Korea and the United States with plans to enter other markets including China, Spain and Britain. 335w51

Huawei Technologies Co Ltd and compel s to pay a bit more for the convenience.

In a separate statement Samsung said its Gear S2 smartwatches will start ing Samsung Pay in South Korea and the United States in early 2016. The watches will soon be compatible with Apple devices, the firm said without elaborating.

Samsung has reported a strong response to Samsung Pay in its home country and the United States, though the service does not generate revenue on its own for Samsung. An early advantage for Samsung Pay is its compatibility with magnetic stripe card readers already in wide use among retailers.

In comparison, Apple's competing service - Apple Pay - requires retailers to install new equipment ing near-field communication technology.

© Thomson Reuters 2016

Comments

For the latest reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.