Samsung Details Samsung Pay Expansion & ATM Use In Korea

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Samsung Pay has made some massive strides since the payment solution was first released and has quickly established itself as one of the go-to payment options. This is largely in part thanks to Samsung Pay's ability to be used at a far wider number of places due to its NFC and MST included capabilities. Which makes it a much more viable option as a true physical card replacement service. Albeit, it is still a service which is extremely limited in its device compatibility, as Samsung Pay is largely only reserved for the company's own smartphones.

Today however, Samsung has been hosting their developer conference in San Francisco and as part of the conference, the company has made a number of announcements on their various products including the confirmation of their plans to bring to market a standalone virtual reality headset. As part of the across the board announcing, Samsung did provide an update announcement on Samsung Pay as well as announcing one new feature which Samsung Pay users who live in South Korea can make use of. The new feature is the ability to use Samsung Pay to withdraw money directly from an ATM. According to the details, once your card details are loaded onto the app and used in conjunction with a relevant Galaxy handset, Korean residents will now be able to withdraw money from an ATM without using their physical cards at all. Which in an interesting development. At present though, the bank compatibility is extremely limited in Korea and Samsung has not confirmed if and when the service will become available to other active Samsung Pay regions and countries.

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However, on the topic of elsewhere, Samsung did reconfirm the global roll out plans for Samsung Pay stating that the service will become available in Australia, Brazil, Canada, Singapore, Spain and the UK later on in the year. Back in February, Samsung had already confirmed these countries as set to receive Samsung Pay in 2016, so while today's announcement is not new news, it does at the very least act as confirmation that those plans are still firmly on track and the listed countries will receive Samsung Pay before the year is out.

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Editor-in-Chief

John has been writing about and reviewing tech products since 2014 after making the transition from writing about and reviewing airlines. With a background in Psychology, John has a particular interest in the science and future of the industry. Besides adopting the Managing Editor role at AH John also covers much of the news surrounding audio and visual tech, including cord-cutting, the state of Pay-TV, and Android TV. Contact him at [email protected]

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