yStats.com: The number of Samsung Pay users to double by 2020 “Samsung Pay 2019”, a new mobile wallet profile published by Hamburg-based secondary market research specialist yStats.com reveals that the number of Samsung Pay users is expected to nearly double between 2018 and 2020. Read more here: https://www.ystats.com/samsung-pay-users-to-reach-a-nine-digit-figure-by-2020-reveals-ystats-coms-research/ Find the report here: https://www.ystats.com/market-reports/samsung-pay-profile-2019/

1. PRESS RELEASE
Hamburg, March 15th
, 2019
yStats.com: The number of Samsung Pay users to double by 2020
“Samsung Pay 2019”, a new mobile wallet profile published by Hamburg-based secondary market research specialist
yStats.com reveals that the number of Samsung Pay users is expected to nearly double between 2018 and 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 the yStats.com 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 the yStats.com 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.
For further information, see: https://www.ystats.com/wp-content/uploads/2019/03/2019.03.15_Product-Brochure-Order-Form_Samsung-Pay-Profile-2019.pdf
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