Samsung Wallet Money goes global with app-free payments

Samsung Wallet Money, a joint prepaid payment service by Samsung Electronics and Woori Bank, has gone global, enabling users to make contactless payments with their Galaxy smartphones worldwide without the need for local payment apps. Launched in Korea last year, the service has already surpassed 3 million users. To use the service, customers link a domestic bank account to their Wallet Money account to top up their balance and make payments.

The overseas rollout now extends the service to Mastercard merchants worldwide and WeChat Pay merchants across China. Woori Bank CEO Jung Jin-wan highlighted the pride in creating a new global payment experience with Samsung Electronics, emphasizing the strengths of both smartphone manufacturing and digital finance in Korea.

Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.