Tech giant Samsung Electronics Co Ltd said on Wednesday that it will expand its Samsung Pay mobile payments service to markets such as China and Europe after an initial launch in South Korea and the United States later this year.
Rhee Injong, a Samsung executive vice president, told investors at a company event in
Seoul that the firm is looking at a “September time frame” for the initial launch of the mobile payments service in South Korea and the US, coinciding with the launch of the firm’s next flagship smartphone model – according to Reuters.
He said Samsung will also launch the service in areas such as South America and Australia without giving a specific timeline.
Samsung are edging closer to releasing its product in Europe. Last month, it was reported that French digital security company Oberthur Technologies (OT) has partnered with Samsung Pay, specifically to help them with its European launch.
Samsung’s S6 and S6 Edge smartphones already have OT’s NFC embedded Secure Element (eSE), PEARL. OT will also act as the end-to-end service that will connect the eSE to the digital enablement platform when Samsung Pay is rolled-out in Europe.
Injong also revealed that Samsung Pay will launch in Australia and South America, but did not give a specific time frame for the two nations.