Samsung Pay launches in South Africa, raises availability to 24 markets

Wednesday 22 August 2018 10:13 CET | News

Samsung has released its mobile payment tool in South Africa, bringing the total number of countries where Samsung Pay is available to 24.

The mobile wallet platform now holds ties with 2,000 financial companies, with the total number of global payments hitting 1.3 billion cases. As of the end of April 2018, more than 10 million Koreans are subscribed to the service.

Samsung Pay supports offline payments in all markets and online payments in 15 markets including Australia, Brazil and Switzerland, transportation card systems in five markets including China, Hong Kong and Singapore, membership cards in 20 markets including Canada, France and Mexico. Money deposit and withdrawing through an ATM is also supported by the platform in four markets including Korea, Russia and Vietnam.

In Hong Kong, Samsung Pay holds partnership with Octopus to allow users to pay bus fares and buy products at stores with Samsung Pay. In Brazil, Samsung Pay supports corporate welfare cards available at stores and cinemas. Other partners include PayPal in the US, Alipay and WeChat Pay in China and Payco in Korea.

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Keywords: Samsung Pay, South Africa, mobile payments, Alipay, WeChat Pay
Countries: World