When it come on name of development then none of the company remains silent. Watching so much companies launching their mobile payment app, now tech giant Samsung Electronics Co Ltd will launch a mobile payment smartphone app in South Korea. Samsung's app will allow for easier use of its mobile payments service for online transactions, the Electronic Times reported on Friday citing unnamed sources.
The new Samsung app is to be called Samsung Pay mini. It would be compatible with all Android and Apple Inc devices. It is expected to launch as early as June. The mobile payments service is currently compatible with Samsung devices but the firm has said it would consider expanding the service into other manufacturers' products. The paper did not say whether the app would be launched in other markets.
The world's top smartphone maker hopes its mobile payments service will help it defend market share and be convenient enough to entice users to pay more for its devices. Samsung Pay currently offers online payment services in South Korea but typically takes several more steps to pay through it than at offline stores
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