Samsung has integrated its mPayment platform into South Korea’s public transportation system, the company has announced.
Starting yesterday, commuters could import their T-Money and Cashbee transportation cards into the Samsung Pay Transportation Card Service, allowing them to use one mPayment service for all bus, taxi, and metro rides. In a press release, a Samsung spokesperson called the SPTCS “a much more convenient and diverse mobile payment experience,” adding that the company plans on further partnerships to “move even closer to a world where we can easily and safely make payments without having to carry around a wallet.”
South Korea, Samsung’s home turf, appears to be a fertile environment for such a service, given the success of Samsung Pay in the country; in the same press release, the company asserted that it has processed KRW 250 billion, or over $211 million USD, in transactions since the service’s launch in late August, suggesting considerable growth over the last few months.
The move into transit also echoes the strategy of another potential mPayment rival, Sony, which has been working to bring its own FeliCa payment technology to public transportation systems in Japan, Jakarta, and Vietnam. While Sony’s platform remains relatively obscure with its applications limited to the transit sector, Samsung may have seen some wisdom in the strategy as it considered its next move to promote Samsung Pay.