Samsung Pay Profile 2017 code:1295

Samsung Pay Profile 2017
OVERVIEW
TABLE OF CONTENTS
COMPANIES MENTIONED
Countries Covered: Global
Pages: 25
Publication Date: 18/01/2017
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Questions Covered in the report:
  • What are the main payment features of Samsung Pay?
  • Which value-added services are offered by Samsung Pay in various countries?
  • How did Samsung Pay’s expansion progress in 2015 and 2016?
  • How large was the volume of transactions with Samsung Pay in South Korea in a year to August 2016?
  • How is Samsung Pay’s usage rates in the USA differ from those of Apple Pay and Android Pay?

Key findings:

Latest Samsung Pay Adoption Statistics Summarized in Profile

The profile of Samsung Pay compiled by yStats.com follows the evolution of this innovative payment service from Samsung’s acquisition of LoopPay. Having acquired the US-based mobile payment developer and service provider, Samsung launched Samsung Pay in South Korea and the USA in 2015. In 2016, Samsung Pay added 10 new markets and introduced multiple new features, all of which are described in detail in yStats.com’s publication. Among the distinctive characteristics of Samsung Pay is its compatibility not only with payment terminals supporting near-field communication technology, relied on by most mobile wallets, but also with magnetic stripe card readers.

The profile also cites some important figures regarding the adoption of Samsung Pay. Among the key revelations is the volume of transactions through Samsung Pay generated in South Korea in its first year since launch. According to the company data, a quarter of all transactions took place online. In most other markets Samsung Pay supports in-store payments only. The expansion of in-app and online payment features could be the next step in Samsung Pay’s evolution, as indicated by some partnerships mentioned in the profile.

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1. Management Summary

2. Overview

  • Overview of Samsung Pay, December 2016

3. Supported Countries

  • Overview of Countries/Territories Supported by Samsung Pay, incl. Date of Launch, August 2015 – December 2016 & Upcoming, as of December 2016

4. Payment Features

  • Overview of Payment Features of Samsung Pay, December 2016
  • Types of Payment Cards by Samsung Pay, by Country/Territory, December 2016
  • Overview of Security Features of Samsung Pay, December 2016

5. Value-Added Features

  • Overview of Value-Added Features of Samsung Pay, December 2016

6. Adoption and Usage

  • Share of Samsung Pay Transactions in South Korea Made Online, in % and in KRW trillion, Year to August 2016
  • Number of Samsung Pay Users in South Korea, in millions, October 2015 & March 2016
  • Selected Data Related to Usage of Samsung Pay in the USA, incl. Awareness, Usage for Purchase, Frequency of Usage, Average Number of Cards Loaded, and Satisfaction Rating, Compared to Apple Pay and Android Pay, June 2016
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  • Samsung Electronics Co Ltd
  • Samsung Pay Inc
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