Samsung rolls out Samsung Wallet payment settlement application in US, Korea
“Samsung Electronics releases Samsung Wallet, payment settlement application optimized for mobile environment, on the 22nd that users can safely and conveniently pay money online once their credit card is registered. Smart phone users can simplify the safe settlement process with OTP (One Time Password) certification after the credit card number and PIN number are registered.”
The above cut-out was from a press release by Samsung earlier today regarding their new payment service called Samsung Wallet.
It only appears the application collects and saves credit card information, which users can then use to pay for goods and services at online merchants, verified by a one-time password or PIN without needing to enter their credit card information again.Samsung Wallet will face stiff opposition as it heads into the rest of the world as Google Wallet and Apple Passbook are already dominant.
The Samsung Wallet application is currently available for only Android users in USA and Korea.
You may also like
Apps developers made a fortune from iPhone users during Black Friday
Samsung’s foldable display been stolen & sold to third party for $14m
The next Samsung Galaxy S10 could be designed exactly like this
Trump asks US allies to ban Huawei after blacklisting Chinese company from US government institutions
Panic at Apple after iPhone Xs didn’t sell quite as much as manufacturer wanted – Source
- Samsung rolls out the February security patch to the Galaxy S7 flagships
- Samsung rolls out security patch to Galaxy A5 and Galaxy A7 (2017) units
- Samsung rolls out December security patch to the Galaxy A5 (2016)
- Samsung rolls out another Nougat beta to the Galaxy S7 and S7 Edge
- Samsung rolls out security patches to the Galaxy J7 (2016) and Galaxy J5 (2016)