Samsung Pay to launch in other countries; LG G Pay to debut in December?

A couple of smartphone manufacturers are in the news today pertaining to mobile payment services. Samsung Pay, which uses both NFC technology and Magnetic Secure Transmissions (MST), is expanding to other countries. Since MST technology is used by every retailer that swipes a credit card, Samsung Pay can be used at more retailers than Apple Pay and Android Pay.

Samsung Pay originally launched in South Korea during August, where it helped ring up $30 million in transactions during its first month. Samsung liked the sound of that ka-chinging so much, it decided to launch the service in the U.S. on September 28th. Now, word is that Samsung Pay is coming to China, Spain and the U.K. during the first quarter of 2016.

Joining Samsung, Apple and Google is LG. According to an unnamed LG official, the manufacturer is partnering with credit card companies in South Korea to launch LG G Pay. This is expected to begin operation starting next month. With the LG G Pay name trademarked in both South Korea and the U.S., it appears as though LG will be following the trail made by Samsung Pay, at least in the beginning.

How many mobile payment services can the market support? We're getting closer to finding out.



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source: SamMobile, KoreaTimes via GforGames