Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here.
Samsung has launched a new service that lets local commuters in South Korea pay for multiple forms of transport with Samsung Pay.
Consolidating both the T-Money and Cashbee (formerly Mybi) travel cards, the Samsung Pay Transportation Card Service lets anyone with either (or both) of the pre-registered transportation cards import their credentials into the Samsung Pay app, so they can tap to pay on buses, the underground, and taxis.
At the time of writing, Samsung Pay is available only in South Korea, where it launched back in August, and the U.S., where it arrived one month later. It is expected to launch in China shortly, followed by the U.K. and Spain.
For Samsung Pay to succeed against the likes of Apple Pay, which is already available in the U.S., U.K., Canada, and Australia, it needs to infiltrate all the common consumer conduits — and transport is huge. Apple Pay already works with public transport systems, in London, for example, and Samsung fully recognizes the importance of stepping into this arena, as we shift further toward what it calls “a world without wallets.”
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.