If you were looking forward to the UK launch of Samsung Pay, the companies mobile payment service, there is some bad news for you today as the company has announced the launch has now been pushed back to next year. According to the Telegraph, the launch will now take place during 2017 but no specific dates have been revealed.
Samsung Pay was first launched in the US and South Korea last year, with the initial promise that it would come to the UK during 2016 - and then later it was announced that it was pushed to the end of 2016. The service is currently available in Spain, Australia, Singapore, Brazil, and a few other countries.
Samsung Pay, a service that rivals Android Pay and Apple Pay, can make contactless payments with newer payment terminals that use Near Field Communication (NFC), but also works with traditional terminals by using Magnetic Secure Transmission (MST), which is a technology that emits a magnetic signal that mimics the magnetic strip on a traditional payment card.
It now transpires that the launch has been delayed due to negotiations between Samsung and UK banks taking substantially longer than the Korean company first anticipated. A official spokesman has confirmed that the service would now see its UK rollout in 2017. “Following successful launches of Samsung Pay around the world, we are planning to launch the service in the UK in 2017,” Samsung said.
How much were you looking forward to Samsung Pay in the UK ? Let us know in the comments below.