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Press release content from Business Wire. The AP news staff was not involved in its creation.

Samsung Pay Profile, 2019: Samsung Pay Users to Reach a Nine-Digit Figure by 2020 - ResearchAndMarkets.com

December 17, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Dec 17, 2019--

The “Samsung Pay Profile 2019” company profile has been added to ResearchAndMarkets.com’s offering.

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

Key Topics Covered:

1. Profile of Samsung Pay

2. Country Coverage of Samsung Pay

3. Usage Statistics of Samsung Pay

Companies Mentioned

For more information about this company profile visit https://www.researchandmarkets.com/r/3g8x9t

View source version on businesswire.com:https://www.businesswire.com/news/home/20191217005619/en/

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