Samsung Pay Mini will launch in South Korea in the first quarter of this year

Samsung has announced it will roll out its mobile online payment service for non-galaxy Android smartphones in South Korea, according to a report by Reuters. The app, Samsung Pay Mini, is expected to be available in the first quarter of this year.

Samsung did not disclose when, if ever, Samsung Pay Mini will be launched in other markets.

The stripped-down version of Samsung Pay – which can be used for both online and offline payments, but only for Galaxy phones – was first announced in May last year. It supports a host of South Korean credit cards including Samsung Card, Hana Card, and Lotte Card. Users can secure the app with a fingerprint or a password.

As of August 2016, Samsung Pay has logged nearly 100 million transactions globally, a quarter of which were online payments. The launch of Samsung Pay Mini is expected to help increase take up of Samsung’s services, and boost its online presence and brand awareness, which has taken a hit in the wake of the Samsung Galaxy Note 7 debacle.

Samsung had also previously approached Apple to launch Samsung Pay Mini on the App store, but was subsequently rejected.

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Image Credit: Samsung

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