Samsung Pay Expands Commercial Service to 10th Country with Entry into Thailand
Published2017.02.09 17:44Samsung Electronics officially launches its mobile payment service 'Samsung Pay' in Thailand.
Thailand is the 10th market where Samsung Pay launched commercial services, following Korea, the United States, China, Singapore, and Russia, and is the 4th country in Asia to enter, following China, Australia, and Singapore.
Samsung Electronics launched Samsung Pay in Bangkok, Thailand on the 8th, with 500 partners in attendance, including Finance Minister Apisak Tantivorawong, major banks, and media.
▲ Wichai Pornpratang, Senior Vice President of the IM Division at Samsung Electronics Thailand
Local card and bank companies, along with domestic banks, are collaborating on the Samsung Pay service in Thailand. The partners are Kasikorn Bank, Bangkok Bank, Krungsri Credit Card, and Thai Credit Card, as well as Korea's Citibank and Siam Commercial Bank, totaling six entities.
Meanwhile, the Thai government is fostering the startup and fintech industries to realize a digital economy and a cashless society. To this end, it announced that it is conducting government-level campaigns, such as distributing debit card payment terminals for small shops.
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Samsung Pay now supports Alipay, China's largest mobile payment platform.
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