Samsung Pay Exceeds 5 Million Users

Through its official website, Samsung Electronics announced that Samsung Pay has reached the important milestone of 5 million users, generating a traffic of over 500 million dollars in the first 6 months of service, despite the initial broadcast confined exclusively to the United States and South Korea.

The 2016 will be the year when Samsung Pay will aim to expand into markets, although there may be some negative news regarding Italy, since our Country doesn’t seem to fall in the next wave. In fact, according to what emerged from the statements of Samsung, countries that in 2016 will be involved by Samsung Pay are, in order, China, Australia, Brazil, Singapore, Spain and the UK. To these we add the Canada, still waiting for an official confirmation.

It seems that Italy is currently cut off because the spread payments through credit cards is very low compared to other European countries and that is enough to make it a “secondary market” for this kind of service. Of course we await more details which may arise during the Mobile World Congress in Barcelona. When Samsung Pay is an integral part of the whole Galaxy family S6 and 5 Notes issued in 2015 and will also soon be available on the new Galaxy A5 and A7 2016, in addition to the highly anticipated Galaxy S7 and S7 Edge.