Settlement method: Samsung's mobile payments service is currently only compatible with its devices.
SEOUL: Tech giant Samsung Electronics Co Ltd will launch a smartphone app in South Korea that would allow for easier use of its mobile payments service for online transactions, the Electronic Times reported on Friday citing unnamed sources.
The South Korean paper said the app, to be called Samsung Pay mini, would be compatible with all Android and Apple Inc devices and could launch as early as June. The mobile payments service is currently compatible with Samsung devices but the firm has said it would consider expanding the service into other manufacturers' products.
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