Samsung Pay will gradually expand to other Galaxy smartphones in the future

Although Samsung came forward with a number interesting devices in 2015, such as the Galaxy S6, the S6 edge, the Galaxy Note5, or the Gear S2, it looks like one of its most important launches of the year could well be a software product. We're talking about Samsung Pay, the company's proprietary mobile payment platform. As it turns out, although Samsung Pay is currently limited to a number of high-devices, a high-ranking Samsung recently announced that the company plans to expand Samsung Pay to more smartphones in the future.

According to Shin Jong-kyun, Head of Mobile Divison at Samsung, the company's mobile payment platform will "gradually expand' to cheaper Galaxy smartphones. When you think about it, it makes a lot of sense for Samsung to want to put Samsung Pay into as many hands as possible, especially given that the only hardware requirement is an NFC chip. A gradual expansion would mean that Samsung Pay will first expand to sub-premium Galaxy smartphones, such as the company's Galaxy A series. Unfortunately, no timeline was shared by the Samsung executive for the time being.

Samsung Pay is already live in South Korea, where it appears to be pretty successful, and the mobile payment service is about to launch in the US next week, where it's currently in its beta-testing phase. One of the main advantages of Samsung Pay when comparing the payment solution against rivaling products such as Apple Pay or Android Pay is the fact that Samsung Pay is compatible with most credit card payment terminals in the US, not just NFC-enabled ones.