Samsung Wallet Takes Over 70% Upgrade Rate From Samsung Pay in South Korea

Samsung debuted a digital wallet application named ‘Samsung Wallet’ a couple of days ago, on March 20, in place of the Samsung Pay app in its home country. Within a few days, it made its reach significantly. 

Samsung has disclosed the matrix of the newly launched Samsung Wallet, according to which, within countable days, 70% of people who were using Samsung Pay on their Galaxy device have updated the older app to the latest ‘Samsung Wallet’ as reports are unveiling. 

Apart from this, the Korean giants have also stated that the ratio of Samsung Pay users aged between 10 and 20 who updated the application to Samsung Wallet was even higher, 75%. Somehow,  this appears to be a direct result of the brand’s promotion that has been running for those people. 

In South Korea, Samsung Wallet supports the Mobile Driver’s License and Mobile National Veterans Registration Card, which even have the’same legal effect as real ID cards.’ and are also permitted to be ‘used for voter identification purposes in public institutions and financial institutions that require identification, as well as in the 22nd National Assembly election on April 10.’

On behalf of this latest significant achievement, a Samsung official stated that’ “Samsung Wallet’s various additional features are rapidly changing users’ daily lives. We hope you will experience the era of electronic wallets that have become safer and more convenient with various lifestyle features.”