Samsung Pay and Naver Pay alliance set to go live on March 23

Today, Samsung announced that it will begin a collaboration service between Samsung Pay and Naver Pay on March 23, 2023. As result, users of both payment applications will be able to enjoy a more enhanced online and offline payment experience.

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The biggest benefit of this collaboration is the online payment experience of Samsung Pay is strengthened. Samsung Pay users will be able to use simple payment through Samsung Pay at Naver Pay’s online ordering merchants, including 550,000 Naver Smart Store.

When 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.

Through 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.

As 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.

Apple Pay official in S. Korea

Yesterday, Apple officially launched the Apple Pay service in South Korea, 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.