Samsung Electronics has teamed up with eBay Inc (NASDAQ:EBAY) to introduce Samsung Pay in Korea.
The partnership is part of the tech company’s expansion of its mobile payment service Samsung Pay, which is a rival to Apple Pay from Apple Inc. (NASDAQ:AAPL). Thanks to the partnership with eBay, Koreans will now get a chance to use the payment platform to make online purchases from online shopping websites that are operated by eBay Korea.
The two firms announced that they will initiate joint marketing efforts later this year, and they will also work together to create new services. Some of the websites where Koreans can make purchases using Samsung Pay include G9, Auction, and Gmarket among others. The websites provide a wide range of goods including electronics, clothes and books. Gmarket is particularly popular in Korea, and it has often been ranked as the country’s best online shopping mall.
The two firms are expected to announce discounts that will be offered to those who purchase products from the online malls using Apple Pay. Samsung Pay is set to disrupt local Korean Mobile Payments such as Smile Pay. Samsung is also planning to expand Samsung Pay to South Korean banks later on this year. The goal is to make ATM deposits and withdrawals possible using Samsung Pay.
Samsung has positioned itself as a worthy competitor in the tech scene with various offers including a competitive flagship in the mobile and TV industries. The firm is also expanding the range of its devices that support Samsung Pay. The company recently revealed The Samsung Galaxy S7 and S7 Edge as its latest offerings to attract customers.
The company has also gone an extra mile to make the new devices more attractive to customers by offering a free wireless charging pad to new users on its mobile payment software. However, this is a limited offer that will expire on March 10, meaning those who wish to take advantage of the offer have a limited window of opportunity.