Samsung Pay Mini probably coming to iOS and Android in June 2016, will focus on online payments
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No, we made no mistake here. It seems that the South Korea-based company has developed a lightweight version of its Samsung Pay service, which will only be used for online payments and won't allow contactless payments using the MST standard (Magnetic Secure Transaction). As a refresher, MST is one of the major selling points of Samsung Pay, as neither Apple Pay or Android Pay support that one.
The Samsung Pay Mini app will provide an easy way to store credit/debit card data on one's device, allowing for a quick and convenient way of purchasing whatever your heart desires. Apart from hassle-free payments over the web, it will also store incoming receipts. Security will reportedly be ensured by a 6-character passcode and/or a fingerprint locking.
Things that are NOT allowed: