While everybody is waiting around for the launch of Samsung Pay, new rumours have emerged suggesting that Samsung has a second payments app in the works.
Samsung Electronics is going to launch ‘Samsung Pay Mini’ in June 2016, according to a report by South Korean news outlet Electronic Times. The company hasn’t publicly acknowledged such an app, but it’s said that the service will launch on both iOS and Android as soon as next month.
The report, which cites industry sources, claims that the app will handle online payments, a bit like PayPal. That’s in contrast to Samsung Pay proper, which offers real-world contactless NFC-based payments and magnetic stripe payments. Several South Korean credit card companies are already said to be on board, including Samsung Card, Lotte Card, and Hana Card.
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