Samsung Pay Users to Reach a Nine-Digit Figure by 2020
The number of Samsung Pay users to double by 2020
Samsung Pay topped 1 billion transactions and continues to grow
Having surpassed 1 billion in transactions, Samsung Pay remains on the growth path, according to this report. By 2020, the number of Samsung Pay users is projected to nearly double compared to 2018, driven by the service’s international expansion. As of early 2019, Samsung Pay was available in 6 global regions, following the addition of several new countries in the previous months.
Competition among mobile wallets intensifies globally
In South Korea, Samsung Pay was the top mobile wallet by cumulative value of payment transactions. However, it faces growing rivalry both at home and overseas, as this research shows. Kakao Pay is among the major challengers in South Korea. In international markets, PayPal, Apple Pay, Google Pay and mobile payment services by the leading banks often outrank Samsung Pay in terms of user penetration.
Questions Answered in this Report
- How many consumers are projected to make contactless payments via Samsung Pay in 2020?
- What are the main services offered by Samsung Pay and how do they vary by country?
- How does Samsung Pay rank compared to other mobile wallets in the USA, South Korea and other markets?
- What is Samsung Pay’s global transaction volume?
Table of Contents
Samples
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Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apple
- Samsung
Methodology
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