Samsung Pay reported nearly 400,000 registered users and 500,000 successful transactions, taking the total transaction value up to VND350 billion (US$15.4 million) within six months of being operational.

Launched in September last year, Samsung Pay is a payment application on Samsung’s mobile devices.

The application operates on platforms of the National Payment Corporation of Viet Nam, Visa or Mastercard connected with banks to provide mobile payment services in a simple, safe and convenient way.

“We expect Samsung Pay to continue to bring mobile experiences beyond the capabilities of a phone, becoming a leading mobile payment method,” said Nguyen Quang Hien Huy, deputy general director and executive director of Samsung Vina Electronics Co Ltd.

We will continue making efforts to further develop and improve Samsung Pay to bring more benefits to Samsung mobile users, he added.

To enhance user experience, making mobile payment by Samsung Pay easy, convenient and safe continues to be the goal of Samsung Pay this year.

Up to now, 15 banks and three card switching organisations have joined the Samsung Pay mobile payment network, accounting for 75 per cent of the domestic payment card market. — VNS