Hamburg, Germany, March 20, 2019 --(PR.com)-- 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 the yStats.com 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 the yStats.com 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.

For further information, see: https://www.ystats.com/wp-content/uploads/2019/03/2019.03.15_Product-Brochure-Order-Form_Samsung-Pay-Profile-2019.pdf

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