yStats.com: the Number of Samsung Pay Users to Double by 2020

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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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world’s leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.

Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.

We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.