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Samsung Wallet Tops 18.6 Million Users in South Korea on 10th Anniversary

Bolstering its global reach, the platform recorded 88.6 trillion won in annual transactions with new financial services.

This image provided by Samsung Electronics Co. on Aug. 11, 2025, shows an advertisement marking the 10th anniversary of the company's mobile payment system, Samsung Wallet. (PHOTO NOT FOR SALE) (Yonhap)

Overview

  • It reached over 18.6 million users in South Korea, representing roughly one-third of the population.
  • The value of transactions processed through the wallet rose to 88.6 trillion won in 2024, bringing its cumulative total to 430 trillion won.
  • Beyond payments, users can store transportation cards, loyalty memberships, airline tickets and mobile coupons on the platform.
  • The service operates in 61 countries with support for NFC and QR code payments through local partnerships.
  • The US rollout has added buy-now-pay-later options and peer-to-peer transfers to its functionality.