Samsung Pay clocks $30 million in accumulated transactions

Samsung has announced first numbers about its own mobile payment service Samsung Pay. The company has revealed that it has accumulated $30 million in transactions in first month since its debut in South Korea.


Samsung Pay is currently available for Galaxy S6 and S6 Edge owners, as well as those using the Galaxy Note 5. The company said that there were a total of 1.5 million transactions made through Samsung Pay and that 60 percent of these were on the Galaxy Note 5. The company also said that 10 percent of users used the service on a daily basis and 36% of users were active within the first month.

“Although the details on Samsung Pay usage are constantly being updated, the response we’ve received so far has been beyond our expectations. We knew Samsung Pay would be a game-changer in the mobile payments industry and now with the user data, we are seeing the greater impact it is having on consumer behavior and on the lifestyle of our customers.”

said Injong Rhee, executive vice president of Samsung Electronics and global head of Samsung Pay.

Samsung Pay premiered in Korea in August, and will debut in the U.S. on September 28 and the company will bring the service to the U.K., Spain and China soon.  Samsung Pay will also support NFC technology on Samsung Gear S2 in select countries after the device launches on Oct. 2. It was reported recently that, Samsung may expand Samsung Pay to budget smartphones.

Author: Sneha Bokil

Sneha Bokil is a tech enthusiast and is currently using OnePlus 3T but she still treasures her Nokia N70 (M). You can follow her on Twitter @snehabokil and on Google+