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Samsung Pay's first month in South Korea saw some impressive numbers

Samsung Pay has already accumulated more than $30 million in transaction volume through Sunday, September 20th in its first month in South Korea.

Published onSeptember 23, 2015

samsung galaxy note 5 color comparison (9 of 22)

We already know that Samsung Pay is off to a relatively successful start in South Korea, as the service reportedly logged 10,000 credit and check card registrations on its launch day. But now that the payment service has been available for a full month, just how well has it been doing? According to Samsung, Samsung Pay has accumulated more than $30 million in transaction volume through Sunday, September 20th. It’s also racked up over 1.5 million total transactions to date, with approximately 60 percent of those taking place on the Galaxy Note 5 alone.

The payment service also saw approximately 36 percent active users in its first month with roughly 10 percent using Samsung Pay daily.

Samsung exec discusses initial Samsung Pay results

Samsung Pay is making its way to the United States on Monday, September 28th, with the service rolling out to the U.K., Spain and China sometime soon. Right now it’s only available on select Samsung devices like the Galaxy S6, S6 Edge, S6 Edge+ and Note 5, and will also be available on the Gear S2 smartwatch in select countries after it launches in October. There are also rumors of the service possibly making its way to less expensive Galaxy phones in the future, but we have yet to hear anything official regarding that rumor.

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