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

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.



Thanks for the tip!

source: SamMobile, KoreaTimes via GforGames

FEATURED VIDEO

9 Comments

1. MrElectrifyer

Posts: 3960; Member since: Oct 21, 2014

Everyone pay! Good to see manufacturers aren't relying on Android pay, I wouldn't dare put any financial info the hands of f'n google...keep my mobile/browsing/youtube usage separate from my financial usage.

5. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Android Pay uses tokenization. So they wouldn't have it anyways.

2. zeeBomb

Posts: 2318; Member since: Aug 14, 2014

Haha I like that commercial... Really felt those old commercials they would do with the new devices.

3. surfboarder

Posts: 168; Member since: Nov 17, 2015

Sweet for my LG V10 too I hope!!

4. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

LG G Pay is going to fail because they don't make enough phones. Once Samsung puts Samsung Pay on more models, it's going to drown everyone else out.

6. Quduz

Posts: 84; Member since: Aug 18, 2015

Sure it's gonna blow everything thsnks to MST

7. Kakarotto

Posts: 255; Member since: Dec 07, 2010

When will this be released in other EU countries?

8. geordie8t1

Posts: 266; Member since: Nov 16, 2015

the samsung pay in my opinion is the best mobile payment service currently available, even though its still limited countries currently but the fact it uses MST combined with new tech makes it uber compatible with older equipment thus a larger uptake, the only thing is that they need to get it to market sooner rather then later....

9. psiclone

Posts: 11; Member since: May 22, 2015

Still can't use my debit/credit card on it....so it doesn't matter what they do with Samsung Pay.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.