Samsung Pay CES AH-1

Samsung Pay Support Heading to ATMs in South Korea

March 3, 2016 - Written By Tom Dawson

South Korea, not unlike a number of wealthy Asian nations, is often at the forefront of technology in a number of areas, but no more so than communications. While some parts of the world ares till just waking up to 4G LTE, South Korean networks have – much like Japan – been operating speedy LTE networks for a lot longer than we have in the West. South Korea is also home to Samsung, and it’s no surprise that their home turf says hello to new features a lot quicker than the rest of the world. Samsung Pay was launched first in South Korea, and now a new feature will go live in Samsung’s home country first, too.

As ZDNet is reporting, users of Samsung Pay will soon be able to withdraw cash from their bank accounts from ATM machines in the country. ATM machines from Industrial Bank of Korea, KB Kookmin Bank, NH Nonghyup Bank, Shinhan Bank and Woori Bank. ATM support for these mobile payment systems doesn’t seem all that new an idea, as American banks have plans in place for this sort of thing later this year, but the fact that this method appears to also include the ability to deposit money into a bank account is fairly original. According to reports, this sort of functionality is said to be launching around March 11th, which is curiously-close to the Galaxy S7’s retail launch in-store the world over, so we could be in store a little more news from Samsung next week.

Samsung Pay is a service that, as of right now, only works on a handful of Samsung devices. These include the Galaxy S6, Galaxy S6 Edge, Galaxy S6 Edge+ and of course, the Galaxy Note 5. Next week however, they’ll be joined by the Galaxy S7 and Galaxy S7 Edge next week, which will potentially help the service reach new heights, alongside the new launch in Europe, something Samsung promised during Mobile World Congress next month, which is happening soon. For now though, it appears as though South Koreans will be able to enjoy the latest technology once again, before any of us have a chance.