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Samsung Pay to Add Online Payments Next Year

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Dec 29, 2015, 8:25 AM   by Eric M. Zeman

Samsung plans to expand Samsung Pay in 2016 to more devices, more retailers, and more markets. Wider "handset availability of Samsung Pay as well as online payment support is coming soon," said Samsung Pay exec Thomas Ko, speaking to Reuters. Specifically, the company will add Samsung Pay to less-costly devices. Right now, the mobile payment service is only available to several flagship models, such as the Galaxy Note 5. The company also plans to make it possible for consumers in the U.S. to make online purchases via Samsung Pay. This would negate the need for people to whip out their credit cards when buying items from web-based retailers through their phone. Ko did not said which markets Samsung plans to add to the service. Samsung Pay launched in Korea earlier this year followed by the U.S. It relies on NFC and MST technology and is accepted at most credit card retail terminals, which gives it an advantage over Apple Pay and Android Pay.


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