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Sunday, June 5, 2016

Samsung Spend Arrives In Europe Along with Launch Of Mobile Repayment Service In Spain

Samsung Pay is here in Spain, marking the debut from the mobile payment service within Europe.

Samsung Spain corporate vice leader Celestino García said inside a statement released on June 2 how the digitalization of the financial sector and high smartphone penetration rate in Spain offer significant chance of Samsung's mobile payment support.

He cited findings of the company-commissioned research that display 60 percent of Spaniards have an interest to use services such as Samsung Pay, which allows them to make contactless repayment. A 2015 Visa statement showed that Spain is the country most abundant in contactless payment terminals within Europe.

"We are proud that Spain may be the first European market in order to introduce Samsung Pay, an innovative new service that people believe will mark the turning point both within Spaniards' payments behavior and also the evolution of the payments market in general, " García said.

Clients of imaginBank and CaixaBank that own a Galaxy S7/S7 advantage, Galaxy S6/S6 edge or even Galaxy S6 edge+ are now able to download the Samsung Spend app and add their own credit or debit cards for their phone. Those who make use of cards issued by Abanca as well as Banco Sabadell, however, would need to wait a little lengthier.

Samsung is currently working with businesses in the united kingdom to encourage consumers to make use of its system. The department store string El Corte Inglés has already been set to issue cards that could allow customers to purchase items using Samsung's cellular payment service. Samsung can also be working closely with Fridays, Starbucks, Cervecería Los angeles Sureña, Repsol, The Wok and 100 Montaditos and it is expecting to add more partners later on.

Samsung Pay's European launch came 6 months after the company guaranteed the arrival of it's mobile payment service within UK, Spain and The far east, where it has currently partnered with Alipay, China's biggest online payments platform.

Samsung's arrival in The country gives it a mind start over its rivals Android Pay and Apple Pay since the two have not already been launched there yet. Inside the EU, Apple Pay and Android Pay are only available in the united kingdom.

The South Korean technology company also plans in order to tap markets in South America, Australia and Singapore. Within April, the company said it will roll out it's mobile payment service for that Southeast Asian market using the launch of Samsung Spend in Singapore later this season.

Techsourcenetwork