Samsung Pay Mini is unveiled in South Korea
Samsung Pay allows transactions to be made online through NFC. If a retailer doesn't support NFC, a Samsung Pay user can still make an offline credit or debit payment by using Magnetic Secure Transmission. This is the same technology stores use to swipe credit cards. Samsung Pay Mini works with MST only, but that still allows it it to be used at most stores in South Korea and the world. Samsung said that it is looking at launching the app in other countries, although nothing has been decided.
On February 6th, a demo version of the Samsung Pay Mini app will be available from the Google Play Store in Korea. Phones running Android 5.0 and higher will be able to use Samsung Pay Mini. The screens on handsets running the app must have a resolution of 720 x 1280 (HD) or higher.