Samsung Pay seems to be growing by leaps and bounds. After surpassing a million user in South Korea, Samsung has confirmed that they’ve witness a strong growth in the US market. Although Samsung hasn’t shared the number of users but confirmed that there is a strong indication of repeat usage. The service averaged eight transactions per user with three out of four transactions were made via MST, a patented technology that allows Samsung Galaxy S6, Galaxy S6 edge, Galaxy S6 edge+ and Galaxy Note5 users to use the service with regular point-of-sale terminals, thus offering convenience to the customer whereas saving additional investment to the store.
Samsung also announced to expand its bank partners and will now accept cards issued by Chase, PNC Bank, TD Bank, SunTrust, Fifth Third Bank, First Hawaiian, Key Bank, Silicon Valley Bank, Security Service Federal Credit Union, Navy Federal Credit Union, Virginia Credit Union, Associated Bank, Randolph Brooks Federal Credit Union and People’s United Bank. Starting next year, Samsung Pay will work with Discover.
Samsung Pay will also allow users to use gift cards on their phones.
Leave a Reply