Samsung will launch a competitor to PayPal

Samsung has just unveiled payment service named Samsung Pay Mini and will be launched first in the South Korea.

After the launch of Samsung Pay, a contactless payment service competitor of Apple Pay, the Korean company launched Samsung Pay Mini.

This new service from Samsung is compatible with all Android smartphones, whether sold by the manufacturer or not. The giant imposes only two criteria, the smartphone must at least be under Android 5.0 Lollipop or a newer version, and the screen definition must be greater than or equal to 1280 x 720 pixels.

Unlike Samsung Pay or Apple Pay, this is not about making contactless payments with his smartphone, besides Samsung does not ask to own an NFC-compatible smartphone, but to pay for online orders.

It is a product that will rather compete with PayPal. The user can settle his order with Samsung partners using the Samsung Pay Mini application.

Samsung has already partnered with Korean brands such as Hyundai Department Store, WIZWID or G Market.

Samsung Pay Mini will be launched in the first quarter in South Korea, but the manufacturer promises to extend the service to other territories thereafter.

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