Samsung Pay continues global expansion with South Africa as latest market

ith the addition of South Africa, the mobile payment platform is now available across six continents North America, South America, Europe, Asia, Africa and Oceania.

Marking the third anniversary of Samsung Pay, the mobile payment and digital wallet service by Samsung Electronics have continued its global expansion with its launch in South Africa. With the addition of South Africa, the mobile payment platform is now available across six continents North America, South America, Europe, Asia, Africa and Oceania.

Samsung Pay is a simple and secure mobile payment service that is available almost anywhere you can swipe or tap your eligible payment card, subject to compatibility with MST and/or NFC payment terminals. By combining Near Field Communication (NFC) technology and its proprietary Magnetic Secure Transmission (MST) technology, Samsung Pay is the most widely accepted mobile payment solution on the market.

"Since we launched Samsung Pay three years ago, we have been dedicated to delivering a mobile wallet platform that is simple, secure and works almost anywhere. We have been expanding its availability and forming strategic partnerships in each market to meet the unique needs of their users," said DJ Koh, President, and CEO of IT & Mobile Communications Division, Samsung Electronics.

With approximately 2,000 banking and financial partners globally, Samsung Pay recently passed more than 1.3 billion transactions globally. By partnering with major financial institutions, including Alipay (China), WeChat Pay (China), BHIM UPI (India), PAYCO (South Korea), Chase Pay (U.S.), PayPal (U.S.), and NAPAS (Vietnam)., Samsung Pay provides consumers with a more functional mobile payment platform.

Samsung Pay offers value-added services based on local market needs and conditions including Online payments, Transit cards, Loyalty and membership cards, ATM transactions, Samsung Rewards, Pay Planner and Bixby integration that allows users to make purchases at popular merchants with one simple request.