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Less than two months since its launch in Korea, Samsung announced that its mobile payment service — Samsung Pay — has crossed more than 1 million users in the country.
The company also mentioned in its announcement that the average daily payments it processes through Samsung Pay has increased to 100,000, with most of them being done at department stores, supermarkets, and restaurants.
Since its launch, Samsung has processed a total of more than 100 billion won (~US$88 million). It also noted in its announcement that the daily average payment it has processed through Samsung Pay has risen from 800 million won (~US$ 705k) to over 2 billion won (US$1.8 million).
Samsung plans on adding support for membership and public transit cards to Samsung Pay before the end of this year. This should help in making the service more popular among consumers in Korea.
Considering the fact that Samsung Pay is only available on flagship devices from the company released this year, including the Galaxy Note 5 and Galaxy S6 edge, a user base of 1 million within two months of its launch is no small feat. One of the key advantages that Samsung Pay has over any other rival mobile payment service, including Apple Pay, is that it also works with traditional card readers that lack NFC.
[Via Business Korea]
