Samsung Pay will support online shopping in 2016
Samsung will be expanding its mobile payment system in the US next year by allowing users to shop online, also adding support for more smartphones.
The news, detailed by Reuters, means that lower-priced Samsung smartphones will support the system ‘within the next year’.
Speaking about the changes to Samsung Pay, Thomas Ko, global co-general manager of Samsung Pay, said: “[Wider] handset availability of Samsung Pay as well as online payment support is coming soon”.
Despite the announcement, there was no mention of which other countries will support Samsung Pay in the future.
Ko notes that Samsung Pay is already ‘the most widely accepted mobile wallet in the United States’, largely due to compatibility with both old and new credit card terminals. In a press statement, HTC said:
“Samsung Pay continues to expand its reach and provide its customers unparalleled choice, flexibility and access.”
Apple Pay, which launched in September 2014, requires stores to install new equipment to function correctly, ‘hindering wider acceptance’ in the process, consultants have said.
Earlier in the month, we reported on news that Samsung has added 19 new issuers to the Samsung Pay ecosystem, with the line-up now featuring PNC Visa credit and debit cards and KeyBank MasterCard credit and debit cards.
Samsung’s decision to support online payments will see the mobile group take on PayPal, a massive player in the online retail game. Bitcoin will also serve as another competitor.
Samsung Pay first arrived in South Korea on a handful of Samsung gadgets including the Galaxy Note 5, S6 and S6 Edge+.
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