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Mobile Payments

Samsung Pay Mini to meet its South Korean customers soon

Thursday 2 February 2017 | 10:11 AM CET

Samsung has announced it will launch a mobile web payments service for all smartphones powered by Android, in South Korea, in the first quarter.

Samsung Pay Mini will allow Android smartphones to make online transactions in Samsung's home country after downloading a dedicated app.

The announcement comes as Samsung seeks to boost its services offerings in a search for new growth. In October-December, the South Korean firm fell behind archrival Apple Inc in the global smartphone market for the first time since the fourth quarter of 2015, hurt by the demise of the fire-prone Galaxy Note 7 smartphones.

The new service augments Samsung's existing Samsung Pay payments platform, which allows users to make offline credit or debit card transactions through a supported Samsung smartphone or smartwatch.

Samsung executives have previously said they were open to offering Samsung Pay services for non-Galaxy smartphones at some point and planned to eventually add online transactions to the mobile payments platform. The offline capability will remain limited to Samsung devices, according to the company.

The company did not comment on whether the service will be offered in other markets, reports Reuters.

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