Samsung Pay now supports investment funds trading in South Korea
As is the case with most all Samsung services, Samsung Pay first launched in South Korea, and it wasn't until a year later, in 2016, when it made its way to the United States. The latest addition to Samsung's payment service is the ability to trade investment funds, and as expected, it is currently available only in the company's home market. Hopefully, it will be coming to other regions as well by the end of this year or next.
The new service is made possible by a partnership between Samsung and Fund Online Korea – a local public financial investment company. Investors can use the platform to trade funds online that are managed by different asset managers.
In the three years since Samsung Pay's launch, the service has been used in over 1.3 billion transactions worldwide. That's a huge number that shows Samsung Pay is getting big, mostly thanks to its gradual expansion across the world. If you're wondering why the rollout of the payments service is seemingly taking so slow is because of the numerous hurdles and specified, localized approach that every market requires. This also applies to fund trading, which will likely make its way to the United States and other regions by the end of this year or sometime in 2019.
via SamMobile
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