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Samsung Electronics introduces new “Samsung Wallet Money” and “Points” in South Korea

Samsung Electronics is aiming to provide a more convenient and beneficial payment experience for customers through its digital payment service, Samsung Wallet. Meanwhile, the company introduced a few new features for the service.

​The company took it to the official newsroom, South Korea, in order to inform that it has introduced two new features, first up is a new self-charging simple payment function, Samsung Wallet Money, and next is a reward accumulation program, Samsung Wallet Points, for its digital payment platform, Samsung Wallet.

​In detail, the “Money” feature is designed as a convenient payment method that doesn’t require a physical card. Also, users will be able to recharge and further use this feature just by linking their current bank account to the feature, which requires zero fees from Woori Bank ATMs, and account transfers are free of cost for up to 10 times per month.

​Other than that, the “Points” is basically a reward accumulation service that can automatically collect points each time users make a payment using the Samsung Wallet Money feature. The gathered points can be further used for more payments.

​Well, Samsung has built Samsung Wallet Money and Points features in collaboration with Woori Bank, which apparently aims to offer a safer and more reliable payment infrastructure to the customers. At the same time, Samsung further integrated a new Benefits tab within Samsung Wallet, which consists of benefits and rewards.

With Samsung Wallet Money, customers can gather Points through;

  • Attendance check
  • Payment stamp event
  • And watching reward advertisements in the benefits tab

​Nevertheless, with the launch of Samsung Wallet Money and Points service within Samsung Wallet, the company will strengthen its competitiveness in the digital payment world in order to continue approaching more innovations that could attract customers.

Raghav Sachdeva

Hello, I'm Raghav a part-time writer of Samlover. Curiosity coursing through my veins, I'm a knowledge junkie with a knack for explaining the complex in ways that make sense (even if it takes a few extra words). Don't be fooled by the big headphones and ebook reader facade - I might disappear into worlds of words and ideas, but Doubt, my ever-vigilant canine companion, keeps me grounded. He's the furry alarm clock that drags me to the park twice a day, reminding me that the real world exists beyond the pages and podcasts. So, forgive the occasional long-winded post –… More »

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