Samsung Pay Is 1 Year Old

Samsung Pay

Samsung has announced that its Samsung Pay mobile payment system is one year old and the company also released some details on how many transactions had been processed in the last year.

According to Samsung nearly 100 million transactions have been processed in seven countries since Samsung Pay launched.

“Since its introduction a year ago, Samsung Pay continues to lead mobile payments by providing services that are simple, secure and virtually anywhere,” said Injong Rhee, CTO and EVP of Software and Services, Mobile Communications Business at Samsung Electronics. “Our ambition to reach a world without wallets continues to draw ever closer, and this strong consumer adoption signals a shift in behavior and demonstrates the continued enthusiasm for a safer, smarter and better mobile wallet.”

Samsung also revealed that it now had support from more than 440 banks and it is adding more on an regular basis.