Since launching in August in Korea, Samsung Pay has reached KRW 250 billion in accumulated transaction volume and over 10 million in accumulated number of transactions. This week Samsung Pay has expanded to transportation.
The new Samsung Pay Transportation Card Service essentially brings both the T-Money and Cashbee transportation payment methods into one easy-to-use mobile payment service for all your transportation payment needs.
Customers with pre-registered transportation cards will be granted immediate use by simply activating the import function. Once registered, the Samsung Pay Transportation Card can be used for all methods of transportation, including buses, metro, and taxis without the hassle of using different transportation applications or cards.
Once the transportation cards are registered within the Samsung Pay application, users can pay transportation fares by tapping their smartphones against the transportation card readers. The transportation cards can be recharged through credit or debit cards that have already been registered within the Samsung Pay application.
Mobile T-Money can be recharged with both Samsung and KB Kookmin cards, while mobile Cashbee transportation cards can be recharged with Lotte cards. Samsung plans to expand partnerships with additional credit card companies in the coming months.
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