A year ago this month, Samsung Electronics introduced a new mobile payment service called Samsung Pay, touting it as "the future of mobile payment payments."

Now that Samsung Pay is one year old, a burning question comes to mind: is it a success or a flop? Take a look at the stats & figures below and see for yourself.

Samsung Pay – 1 year after

• 100 million unique transaction in 7 countries to date.
• 4 million registered membership cards in the United States and South Korea.
• 440+ bank issuers currently supported by the service.
• 2+ trillion WON processed in transactions.

Via Samsung Newsroom.


"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."

Learn more about Samsung Pay.