The Neobanker

Samsung Pay sets its sights on becoming a full service banking wallet

Samsung Pay expanding into mobile banking service — Korea Bizwire — “Samsung Electronics Co’s mobile payment system is moving to expand into the banking sector to offer more diverse services to users… ‘The mobile payment is being developed so that it will one day fully replace a person’s purse or wallet,’ a Samsung executive said.”

News in brief

Samsung Pay enters beta testing

Korean credit card firm Samsung Card is recruiting beta testers for Samsung Pay to pilot the mobile payments service in “various major offline member stores” from July 15 to August 20, Korea Bizwire reports... More

News in brief

Korean banks accelerate mobile wallet plans

Korea’s banks are making a renewed push on mobile payments in the face of increasing competition from outside the financial services sector, Korea Bizwire reports, citing Hana Bank’s ‘Hana N Wallet’, Industrial Bank of Korea’s ‘IBK One Money’, and Shinhan Bank’s ‘Zoo Money’ and ‘My Shinhan Pay’ services... More