Samsung Pay to launch in the US and South Korean in the H2 2015

The Samsung Galaxy S6 and the Samsung Galaxy S6 Edge are the only two smartphones in the South Korean tech giant’s lineup that support its new mobile payment service “Samsung Pay,” which will go up against the Cupertino firm’s Apple Pay. However, it is yet to be determined when the payment service will be available for the smartphones’ users, until now.

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The news comes to us courtesy of WhoWired. According to the site, Samsung Electronics Managing Director Park Jin-young said after its first quarter earnings report on the 29th of April that Samsung Pay would be launched in the 2nd half of 2015.

As for other markets, he said, “The consecutive release schedule to the rest of the other countries following Korea and the US in the second half of the year is still under discussion. The compatibility option with the smart watch will only be disclosed during the launch.”

Samsung acquired Loop Pay to create Samsung Pay, which shows a lot of promise. It is compatible with around 90% of all payment terminals in the US. Other mobile payment services such as Google Wallet and Apple Pay would have to install NFC-enabled terminals in stores for the service to work

It is yet to be determined when Samsung Pay will be launched in the UK.

Keep it here at Phones LTD for further updates.

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