Samsung Electronics has recently announced that the collaboration service between Samsung Pay and Naver Pay will begin tomorrow, which is on 23rd March 2023. After that, the users of both payment applications will be able to enjoy a more enhanced online and offline payment experience.
Notably, the biggest advantage of this Samsung Pay and Naver Pay collaboration is going to strengthen the online payment experience of Samsung Pay. Users of Samsung Pay will now be able to use simple payment through Samsung Pay at Naver Pay’s online ordering merchants, including 550,000 Naver Smart Store.
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As soon as, you click “General Payment” to order a product at a Naver Pay’s online ordering merchant, a separate “Samsung Pay” menu is created, and through this, you can pay with Samsung Pay more quickly and conveniently. Moreover, Naver Pay’s offline payment experience is also scheduled to be implemented this month.
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Through the help of Samsung Pay’s MST (Magnetic Security Transport) payment method, Naver Pays users will be able to use Naver Pay’s offline payments at all offline merchants across South Korea where payments can be made with Samsung Pay.
For a reminder, Samsung Electronics and Naver Financial signed a business agreement last month to promote the mobile payment experience. Both companies will continue to cooperate for a more convenient digital life for users in the payment and wallet sectors.
However, Apple has officially launched the Apple Pay service in South Korea yesterday, which is days after receiving approval from the local govt. The company officially announced that iPhone users can add their credit and debit cards on Wallet for their iPhone, Apple Watch, iPad, and Mac.