Technology - - Feb 02,2017
Samsung Electronics Co. Ltd. will launch Samsung Pay Mini, which will offer online payment services for all Android-powered operating system smartphones in South Korea.
The South Korean tech giant is planning to launch its mobile web payments service in the first quarter of the present year. The service, Samsung Pay Mini, will let Android smartphone users to make online transactions in Samsung’s homeland after downloading a committed application.
Samsung Electronics did not comment on whether the service will be offered in other markets.
The users will not be able to use this payments service offline using a reader, however, as offline payment support demands Samsung’s original coil within their hardware for reading magstripes. Mobile phones with Android 5.0 Lollipop or above and at least an HD display (1280X720) will be able to access the application.
A pre-launch probationary will start on February 6 that will allow Android OS users to download the demo version of Samsung Pay Mini from Google Play Store in South Korea.
According to a company spokesperson, the company was revising launch date for other nations but currently, nothing has been confirmed.
Samsung Electronics will also update Samsung Pay Mini and Samsung Pay in the Korea with shopping feature, which connects this payment service apps with some famous local online shopping centers that are affiliated with the tech giant company. A new feature called ‘Rewards’ will also give additional profits based on points.
The declaration comes as Samsung Electronics pursues to accelerate its services offerings in a search for new development. In the month of October-December, the South Korean tech company fell behind opponent Apple Inc. in the worldwide smartphone market for the first time since the 4Q of 2015.
The new service enhances Samsung Electronics’ current payments platform, Samsung Pay, which permits customers to make offline credit or debit card transactions over a supported Samsung’s smartwatch or smartphone.