While it’s expected mobile payments won’t become mainstream before the end of the decade, Samsung has just announced a major milestone.
Samsung Pay, the company’s mobile payments platform, has surpassed “nearly 100 million unique transactions in seven countries” within its first year of availability. The company went on to declare Samsung Pay “the most widely accepted mobile payment system.”
The platform is currently available in Spain, China, South Korea, Singapore, Australia, U.S, Porto Rico and Brazil. The company did not reveal how much money it has processed.
Samsung Pay is expected to launch in Canada sometime in 2016. In a statement issued to MobileSyrup, Samsung Canada noted, “We are excited to confirm that Samsung Pay will be coming soon to the Canadian market. We will provide more information as it becomes available.”
Related reading: Hands-on with Samsung Pay, coming to Canada later this year