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Samsung Pay customers can now withdraw cash from ATMs in South Korea
Samsung Pay can now be used to withdraw cash from ATMs in South Korea, the company has announced, adding another useful feature to the growing mobile payment system and bringing it one step close to removing the need for physical bank card.
The ATM feature is currently limited only to customers of the Woori Bank, and Samsung hasn’t stated if or when this option will arrive for other bank customers. Even so, this is another technological win for the service. Samsung Pay’s Magnetic Secure Transmission technology, which allows the service to work with older card readers, already gave Samsung’s option an advantage over its Apple and Android Pay rivals.
Earlier this year, Samsung launched its mobile payment service in China with a wide range of bank partners. The company has also announced that an update for its Gear S2 smartwatch will grant support for phone-less mobile payments later in the year.
Speaking at its developer conference in San Francisco, Samsung has also reaffirmed that Samsung Pay will be launching in additional countries later in the year. The list includes Australia, Brazil, Canada, Singapore, Spain, and the United Kingdom. Unfortunately we don’t have any solid release dates for these territories yet, but the company has been gradually adding banks and expanding its service at a brisk pace, so we’re hoping that the release date comes around quickly.