Samsung Pay Users to Reach a Nine-Digit Figure by 2020
The number of Samsung Pay users to double by 2020
Samsung Pay topped 1 billion transactions and continues to grow
Having surpassed 1 billion in transactions, Samsung Pay remains on the growth path, according to this report. By 2020, the number of Samsung Pay users is projected to nearly double compared to 2018, driven by the service’s international expansion. As of early 2019, Samsung Pay was available in 6 global regions, following the addition of several new countries in the previous months.
Competition among mobile wallets intensifies globally
In South Korea, Samsung Pay was the top mobile wallet by cumulative value of payment transactions. However, it faces growing rivalry both at home and overseas, as this research shows. Kakao Pay is among the major challengers in South Korea. In international markets, PayPal, Apple Pay, Google Pay and mobile payment services by the leading banks often outrank Samsung Pay in terms of user penetration.
Questions Answered in this Report
- How many consumers are projected to make contactless payments via Samsung Pay in 2020?
- What are the main services offered by Samsung Pay and how do they vary by country?
- How does Samsung Pay rank compared to other mobile wallets in the USA, South Korea and other markets?
- What is Samsung Pay’s global transaction volume?
Table of Contents
1. Profile of Samsung Pay
Profile of Samsung Pay, February 2019
2. Country Coverage of Samsung Pay
Countries/Territories Supported by Samsung Pay, February 2019
3. Usage Statistics of Samsung Pay
Global: Number of Contactless Payment Users of Apple Pay, Samsung Pay, Google Pay and Other OEM Pay, in millions, 2018e & 2020f
USA: Mobile Payment Apps Used for Making Payments In-Store, incl. Samsung Pay, in % of In-Store Mobile Payment Users, February 2018
USA: Number of Proximity Mobile Payment Users, by Selected Platforms, incl. Samsung Pay, in millions, 2017 - 2022f
USA: Mobile Payment User Penetration, by Selected Platforms, incl. Samsung Pay, in % of Proximity Payment Users, 2017 - 2022f
USA: Extent to Which Smartphone Users Eligible to Use Apple Pay, Android Pay and Samsung Pay Agree that Mobile Wallets Could Replace Physical Wallets, in %, February 2018
South Korea: Overview of Four Selected Leading Mobile Payment Services, incl. Samsung Pay, incl. Provider, Launch Date, Channels, Number of Users and Cumulative Transaction Value, 2018
Australia: Top Mobile Payment Services Used to Pay In-Store, incl. Samsung Pay, in % of Respondents, 2017 & 2018
UK: Current and Future Use of Apple Pay, Google Pay and Samsung Pay, Compared to Debit/Credit Cards, in % of Online Shoppers, by Age Group, July 2018
Russia: Online Payment Services Used to Pay for Products and Services Online, incl. Samsung Pay, in % of Internet Users in Large Cities, 2017 & 2018
Russia: Share of Apple Pay, Samsung Pay and Android Pay Users, by Age Group and Total, in % of Internet Users in Large Cities, 2018
Samples
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Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Apple
- Samsung
Methodology
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