Samsung Pay is a mobile payment solution with global aspirations, launched by Samsung Electronics (Samsung) in August 2015. At present the solution is available in seven markets outside South Korea: the US, China, Spain, Singapore, Australia, Puerto Rico and Brazil with plans to launch in the UK, Malaysia, Canada, Russia and Hong Kong by the end of 2016.
Samsung Pay is available on the following Samsung products: Galaxy S6, Galaxy S6 active, Galaxy S6 edge, Galaxy S7, Galaxy S7 active, Galaxy S7 edge, Galaxy Note5 and Galaxy S6 edge+. The solution is supported by all major card schemes, including American Express, Visa, MasterCard and China UnionPay, as well as 440 international and regional banks and credit unions.
Samsung Pay is the first mobile payment solution that supports near field communication (NFC), magnetic secure transmission (MST) and barcode-scanning in a single solution.
In addition to in-store payments, it also supports in-app payments, cash withdrawals at ATMs and also allows integrating transport cards into the digital wallet.
The report provides information and insights into alternative payment solution Samsung Pay, including:
Detailed insight into its business and geographical presence
Comprehensive coverage of its products and services
Comparative assessment with key alternative payment competitors
Information on its performance, including its revenue model
The company's important events and milestones
This report provides a comprehensive overview of alternative payment solution Samsung Pay, including its operations, history and geographical presence.
It provides an overview of products and services offered, and explanations on how they work.
It provides details of financial performance, including revenue models.
Reasons To Buy
Gain insights into Samsung Pay's business operations, geographical presence and key events.
Gain insights into its product portfolio and revenue model.
Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Samsung Pay was launched in South Korea on August 2015, and expanded its services to the US and China in September 2015 and March 2016, respectively. It expanded to Spain, Singapore and Australia in June 2016. In July 2016 it was introduced in two new markets: Puerto Rico and Brazil.
Samsung Pay supports all major payment networks, including American Express, Visa, MasterCard, China UnionPay, and around 440 international and regional banks and credit unions.
Samsung collaborated with a number of international POS vendors, including Verifone, Ingenico, First Data and Clover, PAX Technology, Equinox, ID Tech, MagTek, USA ePay and OTI Global to drive the adoption of Samsung Pay at merchants worldwide.
Products and Services
Single User License:
Corporate User License:
Samsung Pay, Alternative payment, In-app payment, In-store payment, Cash withdrawal, Transportation cards service, Online payments, Mobile app, Near field communication, Membership and loyalty cards,
select a license
NEWSLETTER BY CATEGORY
The report sent to us was on the point, and its information was quite extensive, well structured, and well researched. More importantly what we valued was your response time and professionalism. As a leading global consulting firm, our clients expect high quality deliverables in short periods of time, so a reliable research partner is essential. For the price that you have charged the quality of your services were exceptional. We look forward to continue our relationship with your team on future engagements.... "Senior Associate, Booz Allen Hamilton"
This is with regards to your report on India PVC pipes and fitting market outlook industry outlook to 2019. This is a very well written report and accept my compliments on the same.... ... "Mohit Mittal, Consultant, KPMG Advisory Services"
I am pleased to see the very useful and productive information in the report..Very well structured great presentation reflect professionalism in your research studies.... "Mustafa Masood, Financial Analyst , Coldwell Banker Riyadh"
While we still are studying and analysing your reports about Vietnam & Thailand, we would like to convey to your research team that they have done a very good job in compiling so much of information together. We hope to see more of such well researched reports. All the best & keep it up. ... "Prashant Bhagwat,General Manager, Mahindra"
We would like to appreciate Ken Research for their great efforts and wonderful support in providing the Market Intelligence Report for ITPC. The information, statistics and research are well understandable and very clear to the point. We are happy with Ken research for their good client service, on-time delivery of the report and as said the report itself. Thank you Ken research for bringing the valuable output for us. We would be looking forward to have more research with you in the near future. Wish you a success in your business!... "Jestin Mathew, Indonesian Trade Promotion Center"